23)This company is currently operating at 82% of capacity. The profit margin and the dividend payout ratio are constant. Net working capital and fixed assets vary directly with sales. Sales are projected to increase by 20 percent. What is the external financing need? (check the attached picture)

Select one:

a. $1,144

b. -$736

c. -$487

d. $6,768

e. $5,708

-Just answer if you're 100% sure about the Correct Letter for the question, please -Dont Explain at all please, Just the correct letter for the question without any explanation at all, and I'll put a like.

This company is currently operating at 82% of capacity. The profit margin and the dividend payout ratio are constant. Net working capital and fixed assets vary directly with sales. Sales are projected to increase by 20 percent. What is the external financing need? 2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable Income Less: Taxes Net Income Dividends Additions to retained earnings $38,900 31,400 2,600 4,900 1,800 $3,100 1,150 $1,950 $390 $1,560 Cash Account's rec Inventory Total Net fixed assets Total assets 2009 Balance Sheet $3,160 Accounts Payable 4,160 Long-term debt 6,480 Common stock $13,800 Retained earnings 29,649 $43,200 Total liabilities & equity $8,120 21,200 7,500 6,380 $43,200 Select one: O a. $1,144 O b.-$736 O C. -$487 O d. $6,768 O e. $5,708 This company is currently operating at 82% of capacity. The profit margin and the dividend payout ratio are constant. Net working capital and fixed assets vary directly with sales. Sales are projected to increase by 20 percent. What is the external financing need? 2009 Income Statement Net Sales Less: Cost of Goods Sold Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable Income Less: Taxes Net Income Dividends Additions to retained earnings $38,900 31,400 2,600 4,900 1,800 $3,100 1,150 $1,950 $390 $1,560 Cash Account's rec Inventory Total Net fixed assets Total assets 2009 Balance Sheet $3,160 Accounts Payable 4,160 Long-term debt 6,480 Common stock $13,800 Retained earnings 29,649 $43,200 Total liabilities & equity $8,120 21,200 7,500 6,380 $43,200 Select one: O a. $1,144 O b.-$736 O C. -$487 O d. $6,768 O e. $5,708