Please show work and keep on the same DOC format along with questions

CCC currently has sales of $24,000,000 and projects sales of $32,400,000 for next year. The firm's current assets equal $6,000,000 while its fixed assets are $5,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $300,000. The firm presently has $3,000,000 in accounts payable, $1,800,000 in long-term debt, and $6,200,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $800,000 in dividends next year and has a 4.0% net profit margin. 1. Using the AFN Formula determine what are the company's additional funds needed for the next year? Please show all your work regarding the new amounts for the projected assets, projected liabilities and projected equity. (Round your answer to the nearest dollar.) Finer Industries has $5 billion in sales and $1.7 billion in fixed assets. Currently, the company's fixed assets are operating at 90% of capacity. a. What level of sales could Finer Industries have obtained if it had been operating at full capacity? b. What is Finer's Target fixed assets/Sales ratio? c. If Finer's sales increase 12%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Please show all your work and calculations Jackson Co. has the following balance sheet as of December 31, 2001. Assets: Current assets Fixes assets Claims: $ 600,000 400,000 ___________ Total assets $1,000,000 Accounts payable $ 100,000 Accruals 100,000 Notes payable 100,000 Long-term debt 300,000 Total common equity 400,000 Total claims $1,000,000 In 2001, the company reported sales of $5 million, net income of $100,000, and dividends of $60,000. The company anticipates its sales will increase 20 percent in 2002 and its dividend payout will remain at 60 percent. Assume the company is at full capacity, so its assets and spontaneous liabilities will increase proportionately with the increase in sales. Assume the company uses the AFN formula and all additional funds needed (AFN) will come from issuing new long term debt. Given its forecast, how much long-term debt will the company have to issue in 2002