$5.$ You have the following information on the income statement this year:

Unit sales: $1,000$

Price$/$unit: $49$

VC$/$unit: $25$

FC$/$year: $10,000$

Dep$/$year: $5,000$

On the balance sheet last year, total asset is $$20,000$ and total equity is $$5,000.$ The dividend payout ratio is $25\%,$ the interest rate is $10\%,$ and the tax rate is $35\%.$ If the firm wishes to maintain their D$/$E ratio, how much Assets should the balance sheet report this year? $6.$ Here is information from the most recent financial statements for your firm:

The Income Statement reports a net income of $$298,000.$

The Balance Sheet show that Assets is $$740,000,$ Liabilities is $$125,000,$ and Equity is $$615,000.$

Your company maintains a $35\%$ retention ratio.

If your firm relies only on internal financing, how much Assets did your Balance Sheet report last year?