Plank%u2019s Plants had net income of $4000 on sales of $70000 last year. The

Plank%u2019s Plants had net income of $4000 on sales of $70000 last year. The firm paid a dividend of $1480. Total assets were $200000 of which $80000
was financed by debt.

What is the firm%u2019s sustainable growth rate? (Do not round intermediate calculations. Round your answer to 1 decimal
place.)

If the firm grows at its sustainable growth rate how much debt will be issued next year? (Do not round intermediate
calculations.)

What would be the maximum possible growth rate if the firm did not issue any debt next year? (Do not round intermediate
calculations. Round your answer to 1 decimal place.)