Case $15$: Space Age Materials, INC Direct

Assume that you are now at a retreat, discussing the forecast with Space$-$Ages's senior executives. The vice president for manufacturing informs you that fixed assets were actually being operated at only $80$ percent of capacity in $1992.$ What effect would this have on your projected external capital requirement for $1993?$ In answering this question, disregard any financing feedback effects and answer the question by modifying the $1$st pass columns of Table $3,$ but explain how you could go on to reach balanced solution. Also, in answering this and the next question, assume that the depreciation expenses remain constant as a percentage of sales.