Use the following information to answer Questions 5-9

Wagner Industrial Motors, which is currently operating at full capacity, has sales of $2,460, current assets of $800, current liabilities of $490, net fixed assets of $1,650, and a 5 percent profit margin. The firm has no long-term debt and does not plan on acquiring any. The firm does not pay any dividends. Sales are expected to increase by 10 percent next year. If all assets, short-term liabilities, and costs vary directly with sales, how much additional equity financing is required for next year? Compute one by one and answer the following questions:

Question 5

Current total equity = $_____

Question 6

Projected assets = $______

Question 7

Projected liabilities = $______

Question 8

Projected increase in retained earnings = $______

Question 9

Equity funding need = $_______