Financer's !!!! I need your help getting this one right ! Can you do it ?

The 2015 nancial statements for Growth Industries are presented below: INCOME STATEMENT. 2015 Sales 5 340,000 Costs 220,0\") EBIT $ 120,000 Interest expense 24,000 Taxable income 5 96,000 Taxes (at 35%} 33,500 Net income 0 52,400 Diyidends 5 15,?20 Addition to retained earnings 43,680 BALANCE SHEET, YEAR-END, 2015 Assets Liabilities Current assets Current liabilities Cash 5 3,000 Accounts payable 5 10,000 Accounts receivable 5,000 Total current liabilities $ 10,000 Inventories 29,000 Longterm debt 240,000 Total current assets 5 40,000 Stockholders' equity Net plant and equipment 280,000 Common stock plus additional paidin capital 15,000 Retained eamirlgs 55,000 Total assets $320,000 Total liabilities and stockholders' equity $320,000 Sales and costs in 2015 are projected to be 40% higher than in 2015. Both current assets and accounts payable are projected to rise in proportion to sales. The xed assets of Growth Industries are operating at only T006 of capacity. Interest expense in 2016 will equal 10% of long-term debt outstanding at the start of the year. The rm will maintain a dividend payout ratio of .30. What is the required extemal nancing over the next year? Even if sales increase by 40%. the rm still has more than enough xed assets to meet. production. Only werldng lpital will inaeaae. Net working capital efthe rm in 2015 was s|:|. The increase in net. working emits! will be i :l, which is less than the increase in the retained earnings. Thus required externd nancing is i |:|. A negative external nancing yahe indiceiles the rm will generate more cash than it needs to nance the projected growth. This extra calm can be used to reduce debt. repurchase shares, inueaae cash reserves. orfund xture grewlt'l. This extra cash was primarily she to the rrn's excess produclicrl capacity