For 2021, Vaksyn Bhd.'s profit margin was 15%, dividend pay-out ratio was 20%, total asset turnover was 1.25, equity multiplier was 1.5, current assets were 35% of total assets, sales were RM4.5 million, and payables were RM600,000.

(a) Assuming that the firm is operating at full capacity, what is the firm's internal growth rate (IGR), if it maintains its profit margin, and dividend pay out ratios? (2 marks)

(b) Assuming that the firm is operating at full capacity, and maintains its profit margin and dividend pay-out ratios, what is the external financing needed (EFN) for 2022 if the sales for 2022 is expected to rise by 30%? (3 marks)

(c) What would be the firm's debt-equity ratio in 2022, if the above EFN is completely covered by debt? (3 marks)

(d) If the firm is operating at 80% capacity instead, what is the projected increase in the firm's fixed assets in 2022, if sales are expected to rise by 25% in 2022? (2 marks)