The financial statements of Rani Corp for year 2018 are shown below: Rani Corp 2018 Income Statement (in USD) Sales 1,590,000 Costs 1,155,000 Other Expenses 91,000 Earnings before interest and taxes 344,000 Interest paid 12,000 Taxable income 332,000 Taxes 112.880 Net Income 219,120 Dividend 153,384 Addition to retained earnings 65,736 Rani Corp. Balance Sheet as of December 31, 2018 (in USD) Assets Liabilities and Owners' Equity Current Assets Accounts payable Cash 81,000 Notes payable Account receivable 35,550 Total Inventory 65,000 Long-term debt Total of Current Assets 181,550 Owners' equity Fixed Assets Common equity and paid-in surplus Net plant and equipment 475,000 Retained earnings Total Total Assets 656,550 Total liabilities and owners' equity 75,000 85,700 160,700 172,850 151,500 171,500 323,000 656,550 The most recent financial statements for Rani Corp are shown above and operate at 100% of production capacity at 2018. Sales for 2019 are projected to grow by 25%. Interest expense will remain constant; the tax rate and dividend payout rate will also remain constant a. Make a pro forma income statement and statement of financial position using percentage of sales method. b. What external financing is needed? c. If Rani Corp. only operated only 70% from its maximal capacity, what external financing needed? d. If Rani Corp. only operated only 90% from its maximal capacity, what external financing needed? e. From the financial statement above, calculate the internal and sustainable growth rate using data of the year 2018