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2. The Flint Company's sales are forecasted to increase from $1,000 in 20x1 to $2,000 in 20x2. Here is the December 31, 20x1, balance sheet: S 50 150 Cash $ 100 Accounts receivable 200 Inventory 200 Total current assets $ 500 Net fixed assets 500 Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 400 100 250. $1,000 Total assets $1,000 Flint's fixed assets were used to only 50 percent of capacity during 20x1, but its current assets were at their proper levels. All assets except fixed assets increase at the same rate as sales. Flint's after-tax profit margin is forecasted to be 5 percent, and its payout ratio will be 60 percent. What is Flint's external funding requirement for the coming year? External Funding Requirement EFR = g(assets* this year) - g(liabilities* this year) - sales this yea (1 + g)NPM(1-d)