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pLease anwer 19 and 20 show all work 19. Calculating EFN (LO4, CFA8) The most recent financial statements for Moose Tours, Inc., follow. Sales for

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pLease anwer 19 and 20 show all work

19. Calculating EFN (LO4, CFA8) The most recent financial statements for Moose Tours, Inc., follow. Sales for 2020 are projected to grow by 15 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. If the firm is operating at full capacity and no new debt or equity is issued, what is the external financing needed to support the 15 percent growth rate in sales? 20. Capacity Usage and Growth (LO4, CFA8) In Problem 19, suppose the firm was operating at only 90 percent capacity in 2020 . What i EFN now? 19. Calculating EFN (LO4, CFA8) The most recent financial statements for Moose Tours, Inc., follow. Sales for 2020 are projected to grow by 15 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. If the firm is operating at full capacity and no new debt or equity is issued, what is the external financing needed to support the 15 percent growth rate in sales? 20. Capacity Usage and Growth (LO4, CFA8) In Problem 19, suppose the firm was operating at only 90 percent capacity in 2020 . What i EFN now

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