Current Sales: $20 million

Expected sales growth: 7%

Total assets: $30 million

Accounts Payable: $2 million

Long-term Debt: $18 million

Equity: $10 million

Profit Margin: 11%

Dividend Payout Ratio: 30%

Requirements:

1) How much financing is coming equity?

2) How much financing is coming from long-term debt?

3) How much financing is coming from external equity, i.e., issue of common stock?