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Assets and costs are proportional to sales; debt and equity are not. A dividend of $ 3 , 0 0 0 was paid, and the

Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,000
was paid, and the company wishes to maintain a constant payout ratio. Next year's sales
are projected to be $43,776.
What is the external financing needed? (Do not round intermediate calculations and
round your answer to the nearest whole number, e.g.,32.)
External financing needed
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