Question 12 (6 points) In 2019, your firm reported $750,000 in sales. Operating costs were $260,000, and depreciation expenses were $150,000. The firm has $80,000 in debt outstanding at a 6% interest rate. The firm hopes to increase sales by 15% in 2020. Operating costs and depreciation will increase at the same rate as sales. The firm typically pays out 30% of its net income. How much will the firm pay out in dividends in 2020? The firm is in the 27% tax bracket. Question 13 (6 points) Your firm reported sales of $1,050,000 in 2019. Operating costs were $500,000, and depreciation expenses were $150,000. The firm has $400,000 in debt outstanding at a 9% interest rate. The firm plans to issue an additional $200,000 in debt at a 10% interest rate in 2020. The firm also hopes to increase sales by 20% in 2020. Operating costs and depreciation will increase at the same rate. What is the firm's forecasted net cash flow? Assume the firm is in the 24% tax bracket