The most recent financial statements for Emmar, Inc., are shown here: Income Statement Balance Sheet Sales $7,000 $4,500 Current Liabilities $400 Current Assets Costs 6,400 Fixed Assets 3,500 Long-term Debt 2,000 Taxable income $600 Total $8,000 Equity 5,600 Tax (30%) 180 Total $8,000 Net Income $420 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. In Business maintains a constant 50 percent dividend payout ratio. Like every other firm in its industry, next year's sales are projected to increase by exactly 8%. Compute Pro Forma Equity? (CLO1) (5points) NOTE: you only need to provide the answers in numbers, no commas, no dots or anything