Question 1 (3 points) The most recent (2019) financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate (20%) and the dividend payout rate (30%) also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Suppose the firm wishes to keep its debt-equity ratio constant. How much new equity should be raised for 2020 (round to the closest whole number)? 2019 Income statement information 1 2019 Balance sheet information Sales 5100 Debt 47000 Costs 2800 Equity 51000 Interest 100 expense Your Answer: 1 1 2 2 2 2 2 2 2 2 Answer 2 2333