Suppose in 2021, Birch's Net Sales is expected to grow at 7%, using the Additional Fund Needed (AFN) formula calculate Birch's AFN to support its 7% growth using its status quo in 2020. Given your calculated AFN, suppose that Birch decides to fund all its projected AFN by issuing new Short-Term Debt, calculate the projected Current Ratio for Birch in 2021.

Birch Inc.	2020	2019	Birch Inc.	2020	2019
Cash Equivalents	$438	$455	Net Sales	$37,580	$34,374
Trade Receivables	446	690	Cost of Sales	34,895	32,016
Account Receivables	1,684	1,497	Selling & Admin Expense	1,255	983
Inventories	3,274	2,817	Interest Income	-7	-7
Prepaid Expenses	379	145	Interest Expense	132	145
Net Property Plant	5,130	4,053	Other non-operating expense	53	-20
Intangible Assets	12,605	2,520	Income Before Taxes	$1,252	$1,257
Total Assets	$23,956	$12,177	Income Taxes	396	409
			Net Income	$856	$848
Short-term Debt	141	0
Account Payables	1,806	1,359
Accruals	1,207	1,138
Unearned Revenue	643	513
Long-term Debt	7,535	1,895
Non-Operating Liabilities	3,720	1,039
Common stock par value and Paid In capital	4,299	2,331
Retained Earnings	5,626	4,923
Treasury Stock	-1,021	-1,021
Total Equity	8,904	6,233
Total Liabilities + Total Equity	$23,956	$12,177