(13 points) SWS projects its sales will grow by 20% in 2019. It is currently operating at maximum capacity, which means that COGS, depreciation, current assets and current liabilities vary directly with sales in other words, they will remain constant as a percent of sales). Net capital expenditures is running at 20% of sales. The tax rate and dividend payout ratio will remain at the 2018 level. DOLLAR VALUES SHOULD BE ENTERED WITHOUT SEPARATORS. ROUND UP. DO NOT USE DECIMALS FOR DOLLAR VALUES. ROUND UP THE ANSWER. USE PLAIN NUMBERS: $50.000.1 SHOULD BE ENTERED AS 50000] 1. (2 points) What is the pro forma (i.e. projected) net income for 2019 assuming no change in interest? NI = 15795 2. (1 point) What is the pro forma accounts receivables balance for 2019? AR = 27000 3. (2 points) What is the pro forma Net Fixed Assets balance? NFA= 148092 4. (2 points) What is the pro forma retained earnings for 2019? RE= 143250 5. (3 points) How much (if any) additional debt is required if no new equity is raised? ADDITIONAL DEBT= 52500 6. (3 points) How fast can SWS grow assuming that it keeps the same debt/equity ratio? GROWTH RATE O ALL PERCENTAGES MUST BE IN DECIMAL FORMAT (FOR EXAMPLE: 51.52% SHOULD BE ENTERED AS 0.5152) 2018 INCOME STATEMENT Sales COGS Gross profit $ 90,000 58,500 31,500 5,000 Depreciation EBIT 26,500 7,500 19,000 Interest EBT Taxes 7,600 11,400 6,840 Net income $ Dividends 2018 Assets 2018 Liabilities & Equity AP $ 18,750 Cash 0 7,500 22,500 AR Long-term 43.750 9,375 debt Inventory 39,375 Common 5592 Total current stock 119.375 148,092 Fixed assets net $ 187,467