The term structure of interest ratesa.shows the relative interest spread between bonds with differentrisk ratings such as AAA AA A BBB etc.b.depicts interest rates for T-bills over the last year.c.changes daily reflect current competitive conditions in the moneyand capital markets.d.plots returns for securities of different risk.Frisch Fish Corp expects net income next year to be %600000.Inventory and accounts receivable will have to be increased by%300000 to accommodate this sales level. Frisch will pay dividendsof $400000. How much external financing will Frisch Fish needassuming no organically generated increase in liabilities.a.$200000b.$300000c.No external financing is required.d.$100000