A company plans to grow sales at 10% annual rate for 2010. Long term debt is expected remain at $60,000 and interests expense remains at $3600. Assuming Income statement and balance sheet relationships to sales remain unchanged, what is A's external funding need for 2010
2009
Sales 150,000 Assets 150,000
EBIT 15,000 CL 10,000
Net income 10,000 Total LT debt 60,000
Dividends 4,000 Total Equity 80,000 Total Liab. and Equity 150,000