The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $32,600 Costs 18,600 Balance Sheet Assets $76,400 Debt Equity $39,500 36,900 Taxable income $ 14,000 Total $76,400 Total $76,400 Taxes (22%) 3,080 Net income $ 10,920 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $4,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $37,816. What is the external financing needed? (Do not round Intermediate calculations.) External financing needed $ -5,199 Module 3. Topic 1 A. Capital Aulocation-wPv.. Module 3, Topic 1 A: Capital Allocation--NPV, L. Seved Some Check my work mode : This shows what is correct or incorrect for the work you have completed so Problem 9-19 MIRR (L06) points Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow $29,500 11,700 14,400 16,300 13,400 9,900 The company uses an interest rate of 9 percent on all of its projects. Calculate the MIRR of the project using the discounting approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the MIRR of the project using the reinvestment approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. Calculate the MIRR of the project using the combination approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)