Additional Funds Needed Honevork 1. 0111's Wigs Inc. had the following baiance sheet last year Cash Inventory Accounts payabe5ct. Let Pass FAet 1 Pass $ 800 150 2, 000 26, 500 3, 200 Accounts zeceivable 450 Notes payable Hortgage Common atock Net fixed assets 34,000 Total liabilities Total assets and equity Jill has just invented a non-s after-tax net ncono to S1.000. She was at 65% of capacity iast year. 2ip wig for nen which she expects will cause sales to double, increasing a) wil Jill need any outside capital if she pays no dividenda? If so, how much? 2. A ir has the following balance sheet: Last EasTor StRa35 Last Pactor 1st-Pa55 Cash Accounts receivable 10 Inventories Fixed assets Accounts payable Notes payable Long-tern debt Connor stock s 10 20 4 0 total assets Total liab , & equity .22 Fixed assets are being used at 90 percent of capacity, sales for the year just ended were $200; sales will increase $20 per year for the next 4 years; the profit margin is 5 percent; and the dividend payout ratio is 60 percent. Assume that fixed assets cannot be sold. Show calculations (other than the balance sheet) below: . What are the total external financing requirements for the entire 4 years, i.c., the total AFN for the 4-year period