Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $ 21,840 . What is the external financing needed? EFN=$10,304 2. The most recent financial statements for Throwing Copper Co. are shown here: Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum increase in sales that can be sustained assuming no new equity is issued? (sustainable growth rate) SGR=12.54% 3. Based on following financial statements for WoodKid Toys Inc., calculate the EFN given that firm expected sales is $9,000,000 for the next year and the company will issue new stock, increasing the number of shares outstanding from 122,000 to 145,000 . Note that the new shares are expected to be traded at $4.8. Assume that cost of goods sold, operational expenses, assets and current liabilities are directly proportional to sales and interest expense is fixed. WoodKid Toys inc. does not pay dividends. EFN=$192 Income Statement (in thousands) Balance Sheet (in thousands) 4. What will EFN be if WoodKid Toys Inc. decides not to issue the new shares? EFN=$302