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Q4) The most recent financial statements for your company are as follows: Sales for 2022 are projected to grow by 15%; interest expense will remain
Q4) The most recent financial statements for your company are as follows: Sales for 2022 are projected to grow by 15%; interest expense will remain constant; 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 75% capacity and no new debt or equity is issued, what external financing is needed to support the growth rate in sales? (25 Points)
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