Part 10. (Show all work for credit)

Given the following financial statements, what are the additional funds needed to pay for a growth rate of 15%? The assets are currently utilized at 95% of capacity. The fixed assets can only increase by increments of $27,000,000.

Income Statement
All numbers in thousands
Revenue	31-Dec-17
Total Revenue	160,043,000
COGS	140,436,000
SG&A	11,527,000
Depreciation	3,267,000
EBIT	4,813,000
Interest Expense	1,133,000
Income Before Tax	3,680,000
Income Tax Expense	520,000
Net Income	3,160,000
Dividends	1,580,000
Add. to Retained Earnings	1,580,000
Balance Sheet
All numbers in thousands
Period Ending	31-Dec-17
Current Assets			Current Liabilities
Cash	28,709,500		Accounts Payable	23,282,000
Accounts Receivables	73,026,500		Note Payable	51,621,000
Inventory	14,166,000		Accruals	19,697,000
Total Current Assets	115,902,000		Total Current Liabilities	94,600,000
			Long Term Debt	128,220,000
			Common Stock	41,000
			Retained Earnings	34,947,000
PP&E	141,906,000		Total Stockholder Equity	34,988,000
Total Assets	257,808,000		Total Assets	257,808,000