Use the following information to make projections regarding Asahi India Glass (AIS) for 2015. Assume that revenue growth is 5%, depreciation is 10% of fixed assets, EBITDA margin increases from 12% to 13%, interest is 12.5% of the prior year's debt. Cash, prepaid expenses, and fixed assets remain unchanged, all working capital accounts increase as a fixed % of revenue. The tax rate is 34%.

2014 Income Statement		2014 Balance Sheet
Revenue	20000.0		Assets		Liabilities & Equity
EBITDA	2400.0		Cash	215	Accounts Payable	7500
depreciation	1486		Prepaid Expenses	1300	Short Term Debt	5400
Interest	1740.1		Accounts Receivable	3750	Long Term Debt	7264
EBT	-826.1		Inventory	4850	Retained Earnings	150
Taxes	-280.87		Deferred Tax Assets	854	Paid in Cap	2655
Net Income	-545.23		Fixed Assets	12000
			total	22969	total	22969

1. How much additional external funding does the firm require in 2015?
2. Calculate both ROE and ROA for 2015