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Prepare a proforma statements with the following assumptions: Sales for 2 0 2 4 are projected to grow by 2 8 % ; Interest dollar

Prepare a proforma statements with the following assumptions: Sales for 2024 are projected to grow by 28%; Interest dollar expense will increase by $10,800; tax rate will remain constant but the dividend payout rate will increase to 25% of net income; costs, other expenses, current assets, and accounts payable are expected to vary directly with sales, but all other debt and equity do not automatically vary with sales. Assuming the firm is operating its fixed assets at full capacity, find the Projected EBIT, Projected Net Income, Projected addition (change) to Retained Earnings, Projected addition (change) to Total Assets.
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