The Optical Scam Company has forecast a sales growth rate of 25 percent for next year. The current financial statements are shown here:

Income Statement
Sales			$	31,300,000
Costs				25,856,500
Taxable income			$	5,443,500
Taxes				1,905,225
Net income			$	3,538,275
Dividends	$	1,415,310
Addition to retained earnings		2,122,965

Balance Sheet
Assets				Liabilities and Equity
Current assets	$	7,290,000		Short-term debt	$	6,886,000
				Long-term debt		4,382,000
Fixed assets		19,002,000
				Common stock	$	3,788,000
				Accumulated retained earnings		11,236,000
				Total equity	$	15,024,000
Total assets	$	26,292,000		Total liabilities and equity	$	26,292,000

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-1.	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.)

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.)