East Coast Yachts Inc.Balance Sheet (2018-12-31)

Assets ($)

Cash = 3,042,000

Accounts receivable = 5,473,000

Investment = 6,136,000

Net Fixed Assets = 93,964,000

Total = 108,615,000

Liabilities ad Equity ($)

Accounts Payable = 2,190,000

N/P = 2,694,000

Long term debt = 38,000,000

Common stock = 5,000,000

Retained Earnings = 60, 731, 000

Total = 108,615,000

You also have the following additional information:

• Sales in 2019 is expected to grow by 8%
• NFA in 2019 will only grow at 4%
• All otherspontaneousCA and CL will grow at the same rate as sales
• Cash at end of 2019 is to be increased by $ 1,000,000 compared to end of 2018
• Retained earnings made at end of 2019 is expected to be $ 1,500,000
• The 2018 L-T-D/ TE ratio is optimal and should be maintained

What will be the expectedTotal Asset value at end of 2019?

What will be the expectedTotal Bank Loan (N/P)at the end of 2019?

What will be expectedTotal Common Shares valueat the end of 2019?

How much additional long term debt in 2019 you will need to issue to finance the purchase of additional fixed assets?