The most recent financial statement for your company is as follows. Sales for 2021 are projected to grow by 25%. Interest expense will remain constant. The tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. If the firm is operating at only 70% capacity, and no new debt or equity is issued, what is the external financing needed to support the growth rate in sales? (10 Points) Income Statement 2021 Sales $800,000 Costs 700,000 Other expenses 20,000 Ebit 80,000 Interest paid 10,000 Taxable income 70,000 Taxes (35%) 24,500 Net income 45,500 Balance Sheet 2021 Liabilities and Equity 25,000 40,000 85,000 150,000 422,026 572,026 Dividend Add to RE Current assets Cash Acc. Receivables Inventory Total Fixed assets Net plant & equip. Total assets Assets 33,735 11,765 Current liabilities Acc payable Notes payable Total Long term debt Owners' Equity Comm. Stock RE Total Total liability and equity 68,000 17,000 85,000 158,000 140,000 182,900 322,900 565,900