Consider the projections prepared by two different candidates. Both are built based on the same set of assumptions. They assume sales will grow at 20%, and the payout ratio and profit margin will remain constant between the two years. The firms is operating at capacity, and all working capital accounts will vary in directly with sales. Provide the correct information for 2017:

Assume Sales Grow at 20% Assume Constant Payout Ratio Assume the Firm is operating at Capacity All working capital accounts vary with sales Dividends EFN Assume Sales Grow at 20% Assume Constant Payout Ratio Assume the Firm is operating at Capacity All working capital accounts vary with sales Dividends EFN