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A company has a profit margin of 21% and a dividend payout ratio of 39%. Last year's sales were $83,250 and total assets were $56,450.

A company has a profit margin of 21% and a dividend payout ratio of 39%. Last year's sales were $83,250 and total assets were $56,450. None of the liabilities vary directly with sales, but assets and expenses do. If the sales growth rate is 20%, how much external financing is needed?

Question options:

-$1,470

-$1,507

-$1,545

-$1,583

-$1,620

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