The Optical Scam Company has forecast a sales growth of 25 percent for next year. The current financial statements are shown here: Income Statement Sales $30,900,000
Costs 26,000,300
Taxable income $4,899,700
Taxes 1,714,895
Net income $3,184,805
Dividends $1,273,922
Addition to retained earnings 1,910,883

Balance Sheet Information

Assets:

Current assets $7,260,000
Fixed assets 16,920,000
Total assets 24,180,000

Liabilities and Equity:

Short-term debt $8,060,000
Long-term debt 1,588,750
Common stock 6,521,250
Accumulated retained earnings 8,010,000
Total equity 14,531,250
Total liabilities and equity 24,180,000

Required:
a. Calculate the external financing needed for next year. (Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.)
b. Prepare the firm's pro forma balance sheet for next year. (Do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.)
c. Calculate the external financing needed. (Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.)
d. Calculate the sustainable growth rate for the company based on the current financial statements. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)