2. Riverdale Properties is unlikely to be willing to raise external equity capital, in part because the stockholders don't want to dilute their existing ownership and control positions. However, Riverdale Properties is planning for a growth rate of 5 percent next year. Prepare the proforma financial statement based on this growth rate under the following assumptions and determine external financing need. - Interest expense, depreciation expense, the tax rate, retention ratio, and dividend payout ratio remain constant. - Costs, other expenses, current assets, fixed assets, accounts payable, and accrued expenses change at the expected growth rate. - Capacity utilization: 100 percent or full capacity, there is no unused productive capacity. - No new debt or equity issuance. Does the firm need external funding, if yes what is the amount of external capital necessary? What are your conclusions and recommendations about the feasibility of Riverdale's expansion plans