The Optical Scam Company has forecast a sales growth of 20 percent for next year. The current financial statements are shown here:

Income Statement
Sales			$	30,600,000
Costs				26,267,200
Taxable income			$	4,332,800
Taxes				1,516,480
Net income			$	2,816,320
Dividends	$	1,126,528
Addition to retained earnings		1,689,792

Balance Sheet
Assets				Liabilities and Owners' Equity
Current assets	$	7,220,000		Short-term debt	$	6,732,000
				Long-term debt		5,610,000
Fixed assets		17,872,000
				Common stock	$	2,420,000
				Accumulated retained earnings		10,330,000
				Total equity	$	12,750,000
Total assets	$	25,092,000		Total liabilities and equity	$	25,092,000

a.	Using the equation from the chapter, calculate the external financing needed for next year. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)

b-1.	Construct the firms pro forma balance sheet for next year. (Do not round intermediate calculations and round your answers to the nearest whole dollar amount, e.g., 32.)

b-2.	Calculate external financing needed. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)

c.	Calculate the sustainable growth rate for the company based on the current financial statements. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)