"Use Table 1 and the following information on Company X to perform a pro forma financial modeling using a percentage sales method, and answers the next questions. Note: When applying the percentage sales method, you should assume that the 2020 percentage values with respect to sales of the costs except depreciation, depreciation (1) cash and equivalents, (iv) accounts receivable, inventories, (vi) property, plant and equipment, and (vi) accounts payable will remain equal to those percentages of 2019, Sales in 2020 are expected to grow at a rate of %, with respect to the values of 2019. Assume also that the total values in 2020 of interest expense and debt will not change from its 2019 values income tax will remain at 30% of the Pretax income, and that Company X initially plans to payout 35% of its net income to its shareholders. Tablo 1 Income Statement, 2019 Balance Sheet, 2019 Sales 900,000 Assets Costs except Depr. -650,000 Cash and Equivalents 300,000 EBITDA 250,000 Accounts Receivable 200,000 Depreciation -2,500 Inventories 65.000 EBIT 247.500 Total Current Assets 565,000 Interest Expense (net) -200,000 Property Plant & Equipment 100,000 Pretax Income 47,500 Total Assets 665,000 Income Tax -14.250 Liabilities & Equity Net Income 33,250 Accounts Payable 300,000 Debt 100,000 Total Liabilities 400,000 Stockholders' Equity 265,000 Total Liabilities and Equity 665,000 What is the forecasted value of sales for 20207 Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write 1000000 "Use Table 1 and the following information on Company X to perform a pro forma financial modeling using a percentage sales method, and answers the next questions. Note: When applying the percentage sales method, you should assume that the 2020 percentage values with respect to sales of the costs except depreciation, depreciation (1) cash and equivalents, (iv) accounts receivable, inventories, (vi) property, plant and equipment, and (vi) accounts payable will remain equal to those percentages of 2019, Sales in 2020 are expected to grow at a rate of %, with respect to the values of 2019. Assume also that the total values in 2020 of interest expense and debt will not change from its 2019 values income tax will remain at 30% of the Pretax income, and that Company X initially plans to payout 35% of its net income to its shareholders. Tablo 1 Income Statement, 2019 Balance Sheet, 2019 Sales 900,000 Assets Costs except Depr. -650,000 Cash and Equivalents 300,000 EBITDA 250,000 Accounts Receivable 200,000 Depreciation -2,500 Inventories 65.000 EBIT 247.500 Total Current Assets 565,000 Interest Expense (net) -200,000 Property Plant & Equipment 100,000 Pretax Income 47,500 Total Assets 665,000 Income Tax -14.250 Liabilities & Equity Net Income 33,250 Accounts Payable 300,000 Debt 100,000 Total Liabilities 400,000 Stockholders' Equity 265,000 Total Liabilities and Equity 665,000 What is the forecasted value of sales for 20207 Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write 1000000