Alter Inc. plans to grow sales at a 10% annual rate for 2016. Interest expense in 2016 is expected to remain at $3,000. Assuming that income statement and balance sheet relationships to sales are unchanged and that the tax rate is 20%. Alter, Inc. 2015 Sales $150,000 Assets $145,000 COGS $120,000 EBIT $30,000 Current liabilities $5,000 Interest $3,000 Total long-term debt $60,000 EBT $27,000 Total equity $80,000 | $5,400 Total liabilities & equity $145,000 Net income $21,600 Dividends $10,800 What is external funding need for 2016? Less than $40,000 Above $60,000 Between $40,001 and $50,000 Between $50,001 and $60,000