a. Will external financing be required for the company during the coming year? No Yes b. What would be the need for external financing if the net profit margin went up to 6.50 percent and the dividend payout ratio was increased to 70 percent? (Negative amount should be indicated by a minus sign. Do not round Intermediate calculations. Enter your answer in dollars, not millons, (e.g.. $1,234,567).) Answer is complete but not entirely correct. Required new furids $ 449,500 Conn Man's Shops, a national clothing chain, had sales of $310 million last year. The business has a steady net profit margin of 5 percent and a dividend payout ratio of 20 percent. The balance sheet for the end of last year is shown Aasets Cash Accounts receivable Inventory Plant and equipment Balance Sheet End of Year (in 5 millione) Liabilities and Stockholders' Equity $ 21 Accounts payable 26 Accrued expenses 66 Other payables 104 Common stock Retained earninga $217 Total abilities and stockholders equity $ 81 31 43 42 20 #212 Total assets The firm's marketing staff has told the president that in the coming year there will be a farge increase in the demand for overcoats and wool slacks. A sales increase of 10 percent is forecast for the company, All balance sheet items are expected to maintain the same percent-of-sales relationships as last year, except for common stock and retained earnings, No change is scheduled in the number of common stock shares outstanding, and retained