A project$-$based organization has reached out to you for assistance in planning next year's sales. In the past, the company has not prioritized planning for its investment needs, which has led to cash flow difficulties. This lack of foresight has caused missed sales opportunities and periods when salaries couldn't be paid. They are now seeking your help to create a financial plan for the upcoming year to address potential external investment needs. The income statement and balance sheet are provided below for your reference: Income Statement Description Amount$/$Rand Sales $30499420$ Cost of goods sold $22224580$ Other expenses $3867500$ Depreciation $1366680$ EBIT $3040660$ Interest $478240$ Taxable income $2562420$ Taxes $(40\%)1024968$ Net income $1537452$ Dividends:$560000$ Add to retained earnings:$977452$ Statement of Financial Position $($Balance Sheet$)$ ASSETS CURRENT ASSETS$$Amount$/$ Rands Cash $441000$ Accounts receivable $708400$ Inventory $1037120$ Total current assets $2186520$ Net plant and equipment $16122400$ Total assets $18308920$ LIABILITIES & EQUITY CURRENT LIABILITIES Accounts payable $889000$ Notes payable $2030000$ Total current liabilities $2919000$ Long$-$term debt $5320000$ SHAREHOLDER EQUITY Common stock $350000$ Retained earnings $9719920$ Total equity $10069920$ Total liabilities and equity $18308920$ Questions: Question $1$ a$)$ Calculate the internal growth rate and sustainable growth rate for the Company. What do these numbers mean?$[15]$ b$)$ The company $$is planning for a growth rate of $12$ percent next year. Calculate the EFN for the company assuming the company is operating at full capacity. Can the company$$s sales increase at this growth rate? $[30]$ c$)$ Most assets can be adjusted based on sales percentages, such as cash, which can be increased by any amount. However, fixed assets require specific increments because it's impractical to purchase a fraction of a new plant or machine. This results in a "staircase" or "lumpy" fixed cost structure. Assuming the company is operating at full capacity, any increase in production necessitates setting up a new production line at a cost of R$5,000,000.$ Calculate the new External Financing Needed $($EFN$)$ under this assumption. What does this imply for the company's capacity utilization next year?$[40]$ Question $2$ State the assumptions that underlie the sustainable growth rate and interpret what the sustainable growth rate means. $[5]$ Question $3$ Identify the four primary determinants of a firm's growth and explain how each factor could either add to or limit the growth potential of a firm.$[10]$