Antivirus Incorporated expects its sales next year to be $$3,500,000.$ Inventory and accounts recelvable will Increase $$580,000$ to accommodate this sales level. The company has a steady profit margin of $10$ percent with a $25$ percent dividend payout.

How much external financing will the firm have to seek? Assume there is no Increase in liabilities other than that which will occur with the external financing.

External funds needed