Sales for 2019 were $200 millon and net income for the year was $6 million, so the firm's profit margin was 3.09. Upton paid dividends of $3.4 million to conmen stockholders, so its payout ratio was 40%. Its tax rate was 25%, and it operated at full capacty. Assume that all assets/sales ratios, (spontancouv liabilities)/kales ratios, to protit margin, and the payout ratio remain constant in 2020. Do not round intermediate calculations, a. If sales are srojected to increase by $42 milhon, or 21%, during 2020 , yse the AfM equation to determine Upton's nrojected external capital requirements. Enter your answers in nullions, For example, an answer of $10,550,000 should be entered as 10.55, Round your answer to two decamal places. 6. Using the AFN equation, determine Upton's seif-supporting growth rate. That is, what is the maxmum growth rate the firm can achieve wathout having to employ nonspontannous external funds? flound your answer to two decimal places. c. Use the forecasted financial statement method to forecast Uptan's balance sheet for Decenber 31,2020 . Assume that all additional extenal capifai is taised as a line of credit at the end of the year and is reflected (because the debt is added at the end of the year, there will be no adduonat intereat experse due to the new debe). Assimi Upton's profic margin and dividend payout ratio will be the same in 2020 as they were in 2019 . What is the amount of the line of credit reported on the 2020 forecasted balance shmets? (Hint: You don't need to forecast the income statements because the line of credit is taken out an the lost day of the year and you are given the prossired