Calculate the External Financing Needed for 15,20 and 45 percent growth rates.

The most recent financial statements for Scott, Inc., appear below. Interest expense will remain constant, the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable Increase spontaneously with sales. Assume the firm is operating at full capacity and the debt- equity ratio is held constant. SCOTT, INC. 2019 Income Statement Sales Costs Other expenses $763,000 619,000 29,000 Earnings before Interest and taxes Interest expense $ 115,000 14,000 Taxable income Taxes (25%) $ 101,000 25,250 Net Income $ 75,750 Dividends Addition to retained earnings $ 37140 38.610 SCOTT, INC Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current abilities Cash $ 25.240 Accounts payable $ 61,400 Accounts receivable 34,660 Notes payable 17,600 Inventory 71.420 Total $ 79.000