1. Recent Financial Statements of Trumpezy Co.

   Income statement			Balance sheet
   Sales	$100	Assets	$50	Debt	$20
   Costs	80			Equity	30
   Net Income	$20	Total	$50	Total	$50

   The firm is developing its pro-forma financial statements. Assume that costs and assets grow at the same rate as sales, and the firm doesnt use any outside financing (i.e. the firm doesn't issue any new equity or debt). Whats the Dividends to be paid out next period? The sales are projected to rise by 10%.

   		$14
   		$17
   		$11
   		$16
   		$12