All students should have submitted the assignment before the class so that we discuss the correct answer. The Homework should be attempted using Excel. Warm up questions 1: The most recent Financial Statement for Watchtower Inc. are shown here (Assume no income taxes) Income Statement Balance sheet Assets and costs are proportional to sales, Debt and Equity are not: no divioenus are paru, , rens slaes are projected to be $5967. What is the External Financing needed? 2. The most recent Financial Statement for Lat in Line Inc, are shown here: Income Statement Balance sheet Assets and costs are proportional to sales, Debt and Equity are not. A didvidend of \$1560 was pain anu the company wishes to maintain the constant didvidend pay out ratio. Next year sales are projected to be 27600 (20\% growth). What is the external Financing needed