The most recent financial statements for Watchtower, Inc.are shown here (assuming no income taxes) : 
Assets and costs are proportional to sales.Debt and equity are not.No dividends are paid.Next year's sales are projected to be $4,750.What is the amount of the external financing needed?
Definitions:
Price Sensitive
Pertaining to stocks or securities that are highly responsive to changes or news in the market, affecting their price movements.
Zero-Coupon Bond
A debt security that does not pay interest (coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full face value.
Yield to Maturity
The total return anticipated on a bond if the bond is held until it matures, reflecting interest payments and price changes.
Price Yield Curve
A graph that shows the relationship between the yield of bonds and their maturities, illustrating how interest rates affect bond prices.
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