a$.$ Assume that Universal plans to purchase $$400,000$ in fixed assets during $2022$ and to dispose of no fixed assets during $2022.$

What would be its forecast for net fixed assets in $2022?$

b$.$ Assume that Universal plans to have a dividend payout ratio of $50$ percent in $2022$ and will neither sell nor repurchase equity

during $2022.$ What would be its forecast for owner's equity in $2022?$

c$.$ Given the assumptions in questions $($a$)$ and $($b$),$ what is Universal's projected external funding required for $2022?$