Unsure how to answer these 3 practice question below, help would be very much appreciated!

#1

You are working as a nancial planner. A couple has asked you to put together an investment plan for the education of their daughter. She is a bright seven-year-old (her birthday is today), and everyone hopes she will go to university after high school in 10 years, on her 17th birthday. You estimate that today the cost of a year of university is $17,500, including the cost of tuition, books, accommodation, food, and clothing. You forecast that the annual inflation rate will be 5.6%. You may assume that these costs are incurred at the start of each university year. A typical university program lasts 4 years. The effective annual interest rate is 6.75% and is nominal. 3. Suppose the couple invests money on her birthday, starting today and ending one year before she starts university. How much must they invest each year to have money to send their daughter to university? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Investment per year $ b. If the couple waits 1 year, until their daughter's 8th birthday, how much more do they need to invest annually? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Additional yearly payments $ Here are the abbreviated nancial statements for Planners Peanuts: Income Statement, 2019 Sales $2,195 Costs 1,642 Net income $ 553 Balance Sheet, Year-End 291a 2919 2918 2919 Assets $2,519 $4,193 Debt 3; 313 $1,669 Equity $1,796 2,533 Total $2,519 $4,193 Total $2,519 $4,193 If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2020 of15%, 20%, and 25%. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Growth Rate 15% 28% 25% Required external financing $ $ $ Plank's Plants had net income of $4,000 on sales of $62,000 last year. The firm paid a dividend of $700. Total assets at the end of last year were $180,000, of which $78,000 was nanced by debt. Assume that ROE from last year will continue this year and no new equity was issued during the year. a. What is the rm's sustainable growth rate? (Round your intermediate calculations to 3 decimal places and your final answer to 3 decimal places.) ' Sustainable growth rate I % b-1. If the firm grows at its sustainable growth rate, how much debt will have to be raised in the coming year? (Round your intermediate calculations to 3 decimal places and your final answer to 2 decimal places.) Debt increase I | b-2. What is the current debt/assets ratio? (Round your intermediate calculations to 3 decimal places and your final answer to 2 decimal places.) Debti'assets ratio last year :|