Required: a1. Produce an income statement for 2023 . Assume that net working capital will equal 50% of fixed assets. a2. Produce a balance sheet for 2023 . Assume that net working capital will equal 50% of fixed assets. b. Now assume that the balancing item is debt and that no equity is to be issued. Prepare a completed pro forma balance sheet for 2023. c. Assume that the balancing item is debt and that no equity is to be issued, what is the projected debt ratio for 2025 ? d. Suppose that the cost of equity is 10% and that at the end of 2025 Dynastatics shares are expected to sell at 12 times net income. What would be the value today of the firm's equity? Required: a1. Produce an income statement for 2023 . Assume that net working capital will equal 50% of fixed assets. a2. Produce a balance sheet for 2023 . Assume that net working capital will equal 50% of fixed assets. b. Now assume that the balancing item is debt and that no equity is to be issued. Prepare a completed pro forma balance sheet for 2023. c. Assume that the balancing item is debt and that no equity is to be issued, what is the projected debt ratio for 2025 ? d. Suppose that the cost of equity is 10% and that at the end of 2025 Dynastatics shares are expected to sell at 12 times net income. What would be the value today of the firm's equity