The prior Balance Sheet for for Al-Falah Berhad showed total assets as RM7,052,000; total current liabilities as RM700,000 and total owners 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).

Select one:

a. RM2,954,600

b. RM3,432,400

c. RM2,919,600

d. RM2,602,000