PLease solve asap

The balance sheet of Majestic Limited as at March 31, 2019 is shown below:

Liabilities	Rs ( in 000)	Assets	Rs (in 000)
Share capital	4,200	Fixed assets	8,870
Retained Earnings	2,480	Inventories	3,480
Term loans	3,920	Receivables	2,580
Debentures	2,490	Cash	180
Accounts payable	1,240
Provisions	780
	15,110		15,110

The sales of the firm for the year ending on March 31, 2019 were 31,410. Its profit margin on sales was 7 percent and its dividend payout ratio was 50 percent. The tax rate was 34 percent. Majestic Limited expects its sales to increase by 30 percent in the year 2020. The ratio of assets to sales and spontaneous current liabilities to sales would remain unchanged. The profit margin ratio, the tax rate, and the dividend payout ratio would remain unchanged.

Required:

i. Estimate the external funds requirement for the year 2020.

ii. Prepare the projected balance sheet and projected profit and loss account assuming that the external funds requirement would be raised from term loans and debentures in the ratio 1:2