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

Income Statement
Sales			$	32,400,000
Costs				28,531,000
Taxable income			$	3,869,000
Taxes				1,354,150
Net income			$	2,514,850
Dividends	$	1,005,940
Addition to retained earnings		1,508,910

Balance Sheet

Assets

Liabilities and Equity

Current assets

$

7,400,000

Short-term debt

$

7,128,000

Long-term debt

3,969,000

Fixed assets

17,872,000

Common stock

$

2,941,000

Accumulated retained earnings

11,234,000

Total equity

$

14,175,000

Total assets

$

25,272,000

Total liabilities and equity

$

25,272,000

a. Calculate the external financing needed for next year. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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

Balance Sheet
Assets		Liabilities and equity
Current assets	$	Short-term debt	$
		Long-term debt
Fixed assets
		Common stock	$
		Accumulated retained earnings
		Total equity
Total assets	$	Total liabilities and equity	$

c. Calculate the external financing needed. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

d. 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.)