please answer a-d

13. External Funds Needed The Optical Scam Company has forecast a sales growth rate of 15 percent for next year. The current financial statements are shown here: Income Statement Sales $21,860,000 Costs 19,450,000 Taxable income $ 2,410,000 Taxes 602,500 Net income 1,807,500 Dividends $ 361,500 Addition to retained earnings 1,446,000 Balance Sheet Assets Liabilities and Owners' Equity Current assets $ 6,900,000 Short-term debt $ 5,100,000 Long-term debt $ 5,800,000 Fixed assets 17,300,000 Common stock $ 3,100,000 Accumulated retained earnings 10,200,000 Total equity $13,300,000 Total assetsS $24,200,000 Total liabilities and equity $24,200,000 a. Using the equation from the chapter, calculate the external funds needed for next year b. Construct the firm's pro forma balance sheet for next year and confirm the external funds needed that you calculated in part (a). c. Calculate the sustainable growth rate for the company. d. Can the company eliminate the need for external funds by changing its dividend policy? What other options are available to the company to meet its growth objec- tives