Creative Analysis, Inc. 2015 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net Income $8.500 7.210 400 890 40 $850 310 $540 Dividends Addition to retained earnings $324 $216 Cash Accounts Rec Inventory Total Net fixed assets Total assets Creative Analysis, Inc. 2015 Balance Sheet $1,600 Accounts Payable 975 Long-term debt 2,425 Common stock $5,000 Retained earnings 2.200 $2,075 425 3,000 1700 $7.200 Total Liabilities & equity $7,200 Creative Analysis, Inc. is currently operating at 70 percent of capacity. All costs and networking capital very directly with sales. The tax rate, the profit margin, and the dividend payout ratio will remain constant. How much additional debt is required if no new equity is raised and sales are projected to increase by 10%