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A firm's net assets equal 55% of sales. The firm expects a sales increase of $78,000 next year with $6,500 of that amount reinvested in

A firm's net assets equal 55% of sales. The firm expects a sales increase of $78,000 next year with $6,500 of that amount reinvested in the firm. What is the external financing need?

$49,400

$21,200

$28,600

$36,400

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