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A company has a profit margin of 25% and a dividend payout ratio of 43%. Last year's sales were $92,250 and total assets were $62,550.

A company has a profit margin of 25% and a dividend payout ratio of 43%. Last year's sales were $92,250 and total assets were $62,550. None of the liabilities vary directly with sales, but assets and expenses do.If the sales growth rate is 16%, how much external financing is needed?

-$5,241

-$5,372

-$5,503

-$5,634

-$5,765

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