Plank's plants had net income of $10,000 on sales of $40,000 last year. the firm paid a dividend of $2,300. total assets were $ 700,000 of which $350,000 was financed by debt.

a. what is the firm's sustainable growth rate? (do not round intermediate calcuations. enter your answer as a percent to 1 decimal place.)

sustainable growth rate _______%

b. if the firm grows at its sustainable growth rate, how much debt will be issued next year? (Do not round intermediate calculations. enter your answer as a percent to 2 decimal places.)

new debt $_____________

c. what would be the maximum possible rate if the firm did not issue any debt next year? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

maximum growth rae ___________%