2. Financial Planning and Growth Chapter 3 The Optimal Scam Company would like to see its sales grow at 20 percent for the foreseeable future. Its financial statements for the current year are presented below Income Statement Balance Sheet $millions $millions 16 Sales Costs Gross Profit Taxes Net Income Dividends Retain Earnings 32,00 Current Asset 28.97Fixed Asset 3,03 Total Asset 1,03 2,00 Current Debt 1,40 Long-Term Debt4 0,60 32 Total Debt Common Stock14 Retained Earnings 4 Total Liab & 32 The current financial policy of the Optimal Scam Company includes Dividend-payout ratio (d)-70% Debt-to-equity ratio (L) 77.78% Net profit margin (P)-6.25% Assets-sales ratio (T)1 a. Determine Optimal Scam's need for external funds next year b. Construct a pro forma balance sheet for Optimal Scam c. Calculate the sustainable growth rate for the Optimal Scam Company d. How can Optimal Scam change its financial policy to achieve its growth objective