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2. The profit margin is 15% and the dividend payout is 70%. Last year's sales were RO 100 million and total assets were RO 80

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2. The profit margin is 15% and the dividend payout is 70%. Last year's sales were RO 100 million and total assets were RO 80 million. The accounts payables represent 30% total assets. The operating accruals are RO 2. The assets and costs vary directly with sales. The firm operates at full capacity. If the sales growth rate is 10%, how much external financing is needed? (5 pts)

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