to accommodate this sales level. The company has a steady profit margin of $10$ percent, with a $25$ percent dividend payout. $-4$ marks.How much external funding will the firm have to seek? Assume there is no increase in liabilities other than thata$)$which will occur with the external financing. $-4$ marks$6.$ Vincent Black Lightning requires $$1,010,000$ in financing over the next three years. The firm can borrow the funds for three years at $7$ percent interest per year. Vincent decides to do forecasting and predicts that if he utilizes short$-$term financing instead, he will pay $3$ percent interest in the first year, $5$ percent in the second year, and $11$ percent interest in the third year. $-3$ marksa$)$ Determine the total three$-$year interest cost under each plan. $-2$ marksb$)$ Which plan is less costly$?-$