Here are the abbreviated financial statements for Planner’s Peanuts: INCOME STATEMENT, 2019 Sales $ 3,500 Cost 2,700 Net income $ 800 BALANCE SHEET, YEAR-END 2018 2019 2018 2019 Assets $ 4,500 $ 5,000...

Here are the abbreviated financial statements for Planner’s Peanuts:

Assume the payout ratio is 50%.

a. Calculate the internal growth rate where no external debt or equity is to be issued.(Do not round intermediate calculations. Enter your answer as a whole percent.)

b.Calculate the sustainable growth rate where the firm maintains a fixed debt ratio but issues no equity.(Do not round intermediate calculations. Enter your answer as a whole percent.)