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A firm has current sales of $56,000. Projected sales for next year are $60,000. The percentage of sales approach is used for pro forma purposes.

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A firm has current sales of $56,000. Projected sales for next year are $60,000. The percentage of sales approach is used for pro forma purposes. All balance sheet accounts, except long-term debt and common stock, change according to that approach. The expected increase in retained earnings is $3,100. What is the projected external financing need given the following current account values

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