Question 9 (12 points) Your firm wants to increase sales by 45% in 2020. 2019 sales were $850,000. The firm has $450,000 in cash on its balance sheet. The balance sheet also shows $400,000 in inventory, and $800,000 in accounts receivable. The firm has $3,000,000 in long-term assets. The firm also has $250,000 in accounts payable, and $100,000 in accruals. The firm's notes payable balance is $50,000. The firm's profit margin is 11%, and the firm typically retains 60% of its net income. The firm plans to finance 60% of its sales expansion by issuing new debt, and the remaining portion by issuing equity. How much debt must the firm issue to finance the sales expansion? Question 10 (12 points) In 2019, your firm reported $6,000,000 in sales. The firm hopes to increase sales by 10% in 2020. The firm has a 7% profit margin, and the firm normally pays out 35% of its net income as dividends. The firm has $8,000,000 in total assets on its balance sheet, and the firm also has $1,000,000 in long-term debt. The firm has $750,000 in accounts payable, and no accruals. What additional funds, if any, does the firm need to finance the sales expansion