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1 Trumpington Inc. is a furniture producer which is planning to increase its market share. The company is planning to grow its sales at 30%

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1 Trumpington Inc. is a furniture producer which is planning to increase its market share. The company is planning to grow its sales at 30% next year. The company is currently operating at full capacity. The company has a dividend pay-out ratio of 45%, which the management want to maintain in order to meet the shareholders' expectations. Given the below information, determine the value of the "External money needed" for next year. Amounts in 000's Amounts in 000's Sales Costs Taxable income Taxes (34%) Net income Sep-20 18,240 13,440 4,800 1632 3,168 Cash Accounts Receivables Inventory Current assets Fixed assets Total Assets Sep-20 Sep-20 640 Accounts Payable 6,400 5,120 Accrued Expenses 640 6,720 Current liabilities 7,040 12,480 Long-term debt 12,000 25,920 Equity 19,360 38,400 Total Liab & Equityl 38,400

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