John is a Minnesotan arable farmer with 60 hectares of land. His main crop is consumption potatoes. His total assets are worth $3,600.000, and he has a loan outstanding of $750,000 over which he pays 6% interest. Their return on assets for this year was $150,000 and he had to pay $21,000 in taxes. Their family consumption rate is 30%. Assets $3,600,000 Liabilities = $750,000 Equity 3,600.000-750,000 = $2,850,000 Interest rate = 6% Interest $45,000 = ROA = $150,000 Taxes = $21,000 Consumption rate = 30% 1. Determine the growth of equity for John's farm.