5) Downton Interiors makes bulk purchases of crystal vases, stores them in its warehouse located near the port, and displays them in its different showrooms all over the country. Downton's balance sheet as of June 30, 2020 is shown here: Cash Receivables Inventories Total current assets Net fixed assets $7,000 52,000 116,000 $175,000 70,000 Accounts payable Notes payable Accruals Total current liabilities Mortgage loan Common stock Retained earnings Total liabilities and equity $18,000 36,000 17,000 $71,000 12,000 30,000 132,000 $245,000 Total assets $245,000 Sales for 2020 were $700,000 and net income for the year was $21,000, and the company paid dividends of $8,400 to common stockholders. Its tax rate is 40%, and it operated at full capacity. Assume that all assets/sales ratios, spontaneous liabilities/sales ratios, the profit margin, and the payout ratio remain constant in 2021. a) If sales are projected to increase by $140,000, or 20%, during 2021, use the AFN equation to determine Downton's projected external capital requirements. b) Using the AFN equation, determine Downton's sustainable growth rate. That is, what is the maximum growth rate the firm can achieve without having to employ external funds? c) Forecast Downton's balance sheet for June 30, 2021. Assume that all additional external capital is raised as notes payable at the end of the year and no additional long-term loan is taken nor any equity issued