Jim's Espresso expects sales to grow by 10% next year. Assume that Jim's pays out 90% of its net income. Using the following statements and the percent of sales method, forecast: Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pretax Income Income Tax Net Income Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant and Equipment Total Assets $200,000 (100,000) $100,000 (6,000) $94,000 (400) $93,600 (32,760) $60,840 $15,000 $2,000 $4,000 $21,000 $10,000 $31,000

Jim's Espresso expects sales to grow by 10% next year. Assume that Jim's pays out 90% of its net income. Using the following statements and the percent of sales method, forecast: a. Costs, Depreciation, Net Income, Cash, Accounts receivable, Inventory, Property, plant, and equipment, Stockholder's equity, Accounts payable b. What is the amount of net new financing needed? c. If Jim's adjusts its payout policy to 70% of net income, how will net new financing change