Assumptions: 1. We assume that fixed costs are only fixed up to a point. For simplicity, we assume that the company is operating at full capacity. Thus, all assets and costs (both fixed and variable) will expand proportionately to sales. 2. We keep interest the same at this point because we do not know how much the company will be borrowing for 2022. 3. We assume the same dividend payout rate in 2023 as in 2022.

1. What in this firm's plowback ratio and tax rate? 2. Create a pro. forma balance sheet and inceme itatement for this firm in 2023, using the same assumptions we used in clas, given that the company a 1. How miseh internal and external funding is needed to fund this growth? 4. Create a matement of sources and uiet, wiven that sok of the external funding is raised wia debt, with the balance raised threugh cemmon equity. 1. What in this firm's plowback ratio and tax rate? 2. Create a pro. forma balance sheet and inceme itatement for this firm in 2023, using the same assumptions we used in clas, given that the company a 1. How miseh internal and external funding is needed to fund this growth? 4. Create a matement of sources and uiet, wiven that sok of the external funding is raised wia debt, with the balance raised threugh cemmon equity