Question: Use Spreadsheet 18.1 to answer the following questions about Executive Fruit. a. What would be the required external financing if the growth rate is 15%

Use Spreadsheet 18.1 to answer the following questions about Executive Fruit.
a. What would be the required external financing if the growth rate is 15% and the dividend payout ratio is 60%?
b. Given the assumptions in part (a), what would be the amount of debt and equity issued if the firm wants to maintain its debt-equity ratio at a level of 2/3?
c. What formulas would you put in cells H20 and H21 (as well as the corresponding cells in columns F and G) of Spreadsheet 18.1 to maintain the debt-equity ratio at 2/3 while forcing the balance sheet to balance (that is, forcing debt + equity = total assets)?

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