The latest income statement, balance sheet and other related information for Prado Company is as follows:

Net Sales Revenue = $1,200,000

COGS = $840,000

Operating Expenses = $120,000

Interest Expense = $22,000

Tax Expense = $43,600

Addition to Retained Earnings = $104,640

Current Assets = $900,000

Net Fixed Assets = $1,080,000

Current Liabilities = $240,000

Long Term Debt = $220,000

Common Stock = $520,000

Retained Earnings = $1,000,000

1. Given the existing information, the Sustainable Growth Rate is (please round to the nearest integer percentage such as 5) %

From now on, please assume that the company's sales will grow at 8% for the following year. Estimate the following regarding the proforma statements.

2. The proforma EBIT is $

3. The initial proforma Interest Expense estimation (beginning of first iteration, remember Butler Lumber) is $

4. Assuming the same tax rate, the proforma net income is $

5. Assuming the same plowback ratio, the proforma addition to retained earnings is $

6. Assuming 100% capacity usage, the proforma TOTAL assets are $

7. The proforma current liabilities are $

8. The proforma retained earnings are $

9. The External Financing Need is $

10. Assuming the EFN will be fulfilled by increasing the LTD, the proforma LTD (to balance the balance sheet) is $

11. With the updated LTD you just calculated, assuming a 10% interest rate, the corrected interest expense (end of first iteration) is $

12. If the current capacity usage is at 80%, then the proforma net fixed assets are $