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The Optical Scam Company has forecast a sales growth of 25 percent for next year. The current financial statements are shown here: Income Statement Sales $31,100,000 26,382,300 Costs Taxable income Taxes $ 4,717,700 1,651,195 Net income $3,066,505 Dividends $ $1,226,602 1,839,903 Addition to retained earnings Assets Current assets $ 7,270,000 Balance Sheet Liabilities and Owners' Equity Accounts payable $ 6,220,000 Long-term debt 4,354,000 Fixed assets 17,299,000 $ 2,516,000 Common stock Accumulated retained earnings 11,479,000 Total equity $13,995,000 24,569,000 24,569,000 Total assets $ Total liabilities and equity $ a. Using the equation from the chapter, calculate the external financing needed for next year. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) External financing needed b- Construct the firm's pro forma balance sheet for next year. (Do not round 1. intermediate calculations and round your answers to the nearest whole dollar amount, e.g., 32.) Balance Sheet Assets Current assets $ $ 7,775,000 Liabilities and equity 9,087,500 Accounts payable 21,623,750 Long-term debt Common stock Fixed assets $ Accumulated retained earnings Total equity 30,711,250 Total liabilities and equity 4,354,000 2,516,000 13,778,879 16,294,879 28,423,879 Total assets $ $ b-2. Calculate external financing needed. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) External financing needed C. Calculate the sustainable growth rate for the company based on the current financial statements. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate 15.14: %

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