Lanigan Logistics needs to evaluate its financial needs for 2024. It is believed that the relationship between sales and balance sheet items will remain constant when compared to 2023 figures. In 2023 LL expects sales of £4 million with net income of £0.5 million and a 50% dividend payout ratio. Sales for 2024 are forecast at £5 million with net income constant at £0.5 million. Based on the projected balance sheet below, estimate the company's external funding requirements for 2024. Lorenzo Logistics Balance Sheet 2023 Assets Current Assets £410,000 Net Fixed Assets 1,150,000 Total £1,560,000 Liabilities and Equity Accounts Payable £450.000 Long Term Debt 350,000 Total Liabilities £800.000 Common Stock £100,000 Additional Paid in Capital 210,000 Retained Earnings 450,000 Total Equity £760,000 Total £1,560,000

2. Assume that today is December 31, 2021 and you need to determine the firm value of CoolTech, Inc. You have decided to apply the free cash flow valuation model to the firm's financial data that you've developed from a variety of data sources. The key values you have compiled are summarized in the following table: Free Cash Flow Year FCF Other Data Growth rate of FCF, beyond 2025 to infinity = 3% Weighted average cost of capital = 8% 700,000 800,000 950,000 980,000 2022 %3D 2023 %3D 2024 2025 What is the value of the entire CoolTech's entire company? + Factac F%

Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2019 to $10.32 million in 2020. Its assets totaled $3 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 60%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year.  $______

Broussard Skateboard's sales are expected to increase by 25% from $7.2 million in 2019 to $9.00 million in 2020. Its assets totaled $5 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450000 of accounts payable, $500000 of notes payable, and $450000 of accruals. The after-tax profit margin is forecasted to be 3%, and the forecasted payout ratio is 55%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar.