The Paper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with sales. The dividend payout ratio is constant. The firm has sales of $42,700, net income of $5,500, total assets of $48,900, current liabilities of $3,650, long-term debt of $18,100, owners' equity of $27150, and dividends of $1,925. What is the external financing need if sales increase by 14 percent? Multiple Choice -$1268 $3.504 $2.260 6 $1,031 -$1,816 Alpha Corporation purchased several municipal bonds and AAA corporate bonds yielding an average of five per cent and six per cent, respectively. Additionally, it also purchased preferred stock, on a publicly traded company, with a dividend yield of 75 per cent. Alpha Corp. retains ownership over 0.2 per cent of total market capitalization of the aforementioned publicly traded company. If the Alpha Corporation were in the 20 per cent tax bracket, its after-tax return on the municipal bonds, corporate bonds, and the publicly traded company's preferred stock would be: respectively Multiple Choice 6 percent, 6 percent & 75 percent O 5 per cent 48 per cent. & 5 per cent 5 per cent, 4.8 per cert, & 705 per cent 4 percent, 48 percent,& 6.58 per cent The most recent financial statements for Bello Company are shown here: Income Statement Balance Sheet Sales $ 18,000 Current assets $ 38,814 Debt Costs 10,800 Fixed assets 27,160 Equity Taxable $ 7,200 Total $ 65,974 Total income Taxes (22%) 1,584 Net Income $5,616 $ 38,254 27720 $ 65,974 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 24 percent dividend payout ratio. What is the sustainable growth rate? Multiple Choice 177% 18,20%