Question 10. Given the following information: current assets - $400; fixed assets = $500; accounts payable = $100; notes payable = $45; long-term debt - $455; equity - $300; sales = $450; costs = $400; Page 4 of 7 tax rate - 34%. Suppose that current assets, costs, and accounts payable maintain a constant ratio to sales. If the firm is producing at 80% capacity, what is the total external financing needed if sales increase 25%? Assume the firm pays no dividends. I Question 11. Given the following information: assets - $900; accounts payable = $110; notes payable = $100; long-term debt = $150; equity = $540; sales - $450; costs = $400; tax rate = 34%; dividends = $16. 50. Costs, assets, and accounts payable maintain a constant ratio to sales. How much external financing is needed if sales increase 15% and the dividend payout ratio is constant? Question 12. Given the following information: sales - $450; costs - $400; tax rate = 34%, Assuming costs run at a constant percentage of sales, if sales rise by 10% next year, what will net income be?Question 13. Wexter and Daughter invested $165,000 to help fund a company expansion project planned for 3 years from now. How much additional money will the firm have saved 3 years from now if it can earn 7% rather than 5% on this money? Question 14. Twenty years from now, you would like to purchase a cottage located on the shores of your favourite lake. You expect that you will have $250,000 available at that time for this purchase. You could afford a home that is currently selling for if the homes increase in value by 3% annually, but if the homes increase in value by 5% annually, you can only afford a home priced Page 5 of 7 at today. Question 15. Your grandmother invested one lump sum 17 years ago at 4.25% interest. Today, she gave you the proceeds of that investment which totaled $5,539.92. How much did your grandmother originally invest