use 30% dividend payout when computing the retained earnings. That is, 30% of the net income is going to be paid as a dividend.

d Imagine that the corporation decides to use debt for any external financing, what would be the amount of debt in 2020? (If no net new financing is needed, then answer with a negative number) NOTE: Provide your answers in dollars. E.G. for 100M you must enter 100000000.0000, for 20M you must enter 20000000.000, etc. Income Statment Sales Revenue Cost of Goods Sold EBITDA Depreciation expense EBIT Intterest and other expenses Pretax Income Income Tax Net income 2019 45000 -36900 8100 -4500 3600 -800 2800 2020 82284.14634 -67473 14811.14634 -8228.414634 6582.731707 -800 5782.731707 -2313.092683 3469.639024 2021 113310.1098 -92914.29 20395.81976 -11331.01098 9064.80878 -800 8264.80878 -3305.923512 4958.885268 2022 148303.0564 -121608.5063 26694.55015 -14830.30564 11864.24451 -800 11064.24451 -4425.697805 6638.546707 2023 187730.4547 - 153938.9729 33791.48185 -18773.04547 15018.43638 -800 14218.43638 -5687.374551 8531.061827 2024 231972.0357 -190217.0693 41754.96643 -23197.20357 18557.76286 -800 17757.76286 -7103.105143 10654.65771 - 1120 1680 Product volume Market Size Market Share Production Volume (Market Size x Market Share) Average Sales Price 11576.25 0.22 10000 0.1 1000 45 10500 0.14 1470 45.9 11025 0.18 1984.5 46.82 12155.06 0.26 3160.3156 48.71 12762.82 0.3 3828.846 49.68 2546.775 47.75 7200 6300 7650 21150 29700 50850 13165.46341 11519.78049 13988.30488 38673.54878 54307.53659 92981.08537 18129.61756 15863.41537 19262.71866 53255.75159 74784.67244 128040.424 23728.48902 20762.4279 25211.51959 69702.43651 97880.01723 167582.4537 30036.87276 26282.26366 31914. 1773 88233.31372 123902. 1001 212135.4138 37115.52571 32476.085 39435.24607 109026.8568 153101.5436 262128.4003 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventory Current Assets Property, Plant and Equipment Total Assets Liabilities and Equity Accounts Payable Current Liabilities Long-Term Debt Total Liabilities Stocksholders Equity Retained Earnings Total Equity Total Liabilities and Equity 18925.35366 26061.32524 34109.70297 43178.00459 53353.56821 10350 10350 8000 8000 26925.35366 8000 34061.32524 8000 42109.70297 8000 51178.00459 8000 61353.56821 18350 32500 0 32500 50850 d Imagine that the corporation decides to use debt for any external financing, what would be the amount of debt in 2020? (If no net new financing is needed, then answer with a negative number) NOTE: Provide your answers in dollars. E.G. for 100M you must enter 100000000.0000, for 20M you must enter 20000000.000, etc. Income Statment Sales Revenue Cost of Goods Sold EBITDA Depreciation expense EBIT Intterest and other expenses Pretax Income Income Tax Net income 2019 45000 -36900 8100 -4500 3600 -800 2800 2020 82284.14634 -67473 14811.14634 -8228.414634 6582.731707 -800 5782.731707 -2313.092683 3469.639024 2021 113310.1098 -92914.29 20395.81976 -11331.01098 9064.80878 -800 8264.80878 -3305.923512 4958.885268 2022 148303.0564 -121608.5063 26694.55015 -14830.30564 11864.24451 -800 11064.24451 -4425.697805 6638.546707 2023 187730.4547 - 153938.9729 33791.48185 -18773.04547 15018.43638 -800 14218.43638 -5687.374551 8531.061827 2024 231972.0357 -190217.0693 41754.96643 -23197.20357 18557.76286 -800 17757.76286 -7103.105143 10654.65771 - 1120 1680 Product volume Market Size Market Share Production Volume (Market Size x Market Share) Average Sales Price 11576.25 0.22 10000 0.1 1000 45 10500 0.14 1470 45.9 11025 0.18 1984.5 46.82 12155.06 0.26 3160.3156 48.71 12762.82 0.3 3828.846 49.68 2546.775 47.75 7200 6300 7650 21150 29700 50850 13165.46341 11519.78049 13988.30488 38673.54878 54307.53659 92981.08537 18129.61756 15863.41537 19262.71866 53255.75159 74784.67244 128040.424 23728.48902 20762.4279 25211.51959 69702.43651 97880.01723 167582.4537 30036.87276 26282.26366 31914. 1773 88233.31372 123902. 1001 212135.4138 37115.52571 32476.085 39435.24607 109026.8568 153101.5436 262128.4003 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventory Current Assets Property, Plant and Equipment Total Assets Liabilities and Equity Accounts Payable Current Liabilities Long-Term Debt Total Liabilities Stocksholders Equity Retained Earnings Total Equity Total Liabilities and Equity 18925.35366 26061.32524 34109.70297 43178.00459 53353.56821 10350 10350 8000 8000 26925.35366 8000 34061.32524 8000 42109.70297 8000 51178.00459 8000 61353.56821 18350 32500 0 32500 50850