In the spring of 2013 the Caswell Publishing Company established a custom publishing business for its business clients. These clients consisted principally of small- to medium-size companies in Round Rock, Texas. However, the company's plans were disrupted when they landed a large printing contract from Dell Computers Corp. (DELL) that they expected would run for several years. Specifically, the new contract would increase firm revenues by 100 percent. Consequently, Caswell's management knew they would need to make some significant changes in firm capacity, and quickly. The following balance sheet for 2013 and pro forma balance sheet for 2014 reflect the firm's estimates of the financial impact of the 100 percent revenue growth:

Caswell Publishing Co.		Caswell Publishing Co.
Balance Sheet for 2010		Pro Forma Balance Sheet for 2011	100%
Current assets	12,020,000.00	Current assets	24,040,000.00
Net fixed assets	18,040,000.00	Net fixed assets	36,080,000.00
Total	30,060,000.00	Total	60,120,000.00
Accounts payable	2,080,000.00	Accounts payable	4,160,000.00
Accrued expenses	2,050,000.00	Accrued expenses	4,100,000.00
Notes payable	1,490,000.00	Notes payable	1,490,000.00
Current liabilities	5,620,000.00	Current liabilities	9,750,000.00
Long-term debt	6,580,000.00	Long-term debt	6,580,000.00
Total liabilities	12,200,000.00	Total liabilities	16,330,000.00
Common stock (par)	920,000.00	Common stock (par)	920,000.00
Paid-in-capital	1,930,000.00	Paid-in-capital	1,930,000.00
Retained earnings	15,010,000.00	Retained earnings	15,010,000.00
Common equity	17,860,000.00	Common equity	17,860,000.00
Total	30,060,000.00	Projected sources of financing	34,190,000.00
		Discretionary financing needs
		Total financing needs=Total assets

a.he discretionary financing needs are.............. (Round to the nearest dollar.)

b.Given the nature of the new contract and the specific needs for financing that the firm expects, what recommendations might you offer to the firm's chief financial officer as to specific sources of financing the firm should seek to fulfill its DFN?(Select all the choices that apply below.)

A. Notes payable.

B.Long-term debt.

C.Sale of fixed assets.

D.Common stock.

E.Retained earnings.