A firm recently completed its fiscal year (financial statements below) and is modeling the upcoming year to plan for needed external fancing (NEF) based on the following assumptions Sales are expected to increase by 20% The firm plans to pay $400,000 in dividends next year What amount of new assets will be needed in the upcoming year? Income Statement Current Assets 51.000.000 Sales Not Fixed Assets Balance Sheet $1,750,000 Current Laibilities $2,000,000 Long-Term Debt Net Worth $3,750,000 Total $1.500.000 Cost or Goods Sold Gross Protot 51.250.000 $3,750,000 $6,500,000 $4.200,000 $2.300,000 $1,500,000 $300,175 $499,825 Total Operating Expenses Taxes Net Profile NEF Total Assets/ Sales Change in Sales Current Liabilities/Sales Change in Sales Sales Net Profit Margin 11 - (Dividends/Net Profit) 5300,000 5650.000 5750.000 $1.700.000