12 A firm plans to meet its future financing needs, if any, by issuing debt, and has policy of using any excess cash to buy back stocks. The firm has sales of $20, current liabilities of $5, net fixed assets of $30, and a 10 percent profit margin, and it does not pay dividends. Sales are expected to increase by 30 percent next year. The tax rate is 25%. If all assets, short-term liabilities, and costs vary directly with sales, how much debt will the firm have to issue over the two years? O $2.6 O $4.9 O $7.2 O $1.4 1 pts O $0.2