You have been given the attached information on the Crum Corporation. (4 points total) a. Crum expects sales to grow by 50% in 2020 and operating costs will be 75% ofsales. b. Interest amount paid in 2020 will be ZERO c. Under the new tax law, tax rates will be reduced to 20% d Fixed assets are being operated at 40% ofcapacity in 2012. Decide if additionalfored assets will be needed next year. Ifso, how many? e. Spontaneous assets and spontaneous liabilities will increase in the same ratio (50%) in 2020. f Notes pavables will be totally paid of g. The payout ratio in 2020 will be the same as is in 2019, h The company plans to finance any additionalfunds needed in 2020 by selling common stock. FIRST Will Crum need additional net fixed assets to grow sales by 50%. Show the calculation on which you base your answer. (1 Point) Then Complete the worksheet and answer the questions on lines 26 and 30. (3 points) Column Column 2 Columns Column 4 Columns 2019 Columno 2020 Forecast Sales 1,000.00 1500 800.00 Operating costs Earnings before interest and taxes 200.00 Interest 16.00 Earnings before taxes 184.00 Taxes 40% 73.60 Net Income 110.40 Dividends 66.24 Addition to RE 44.16 ASSETS Current Assets 700.00 Net Foxed Assets 300.00 Total Assets 1,000.00 2019 2020 Forecast 150.00 2 3 LIABILITIES 4 +EQUITY 5 6 Accounts payables and accruals 7 Notes payable 8 9 Common Stock 10 11 Retained eamings 12 Total Liabilities and E ui 200.00 150.00 500.00 1 000.00 13 14 15 16 Addition to Common Stock 17 18 19 20 21 Existin Forecasted 23 24 NEW ROE 25 26 ROE-INCOME E UITY 16.98%