The prior Balance Sheet for for Al-Falah Berhad showed total assets as RM7,052,000; total current liabilities as RM700,000 and total owner's equity as RM3,750,000. It is projected that total assets will increase by 5% in the coming year and all new financing will be funded by long-term debt (hence total owners' equity remained the same). If total current liabilities is estimated to grow as total assets; hence calculate how much long-term debt is needed to finance future projects (i.e. what will its projected value be in the pro forma statement).

a.RM3,432,400

b.RM2,954,600

c.RM2,602,000

d.RM2,919,600