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At the end of 2020, Blake's Bad Ace Bikes, Inc., has the following: Net Sales: $250,000 Cost of Goods: $100,000 Fixed Costs: $50,000 Depreciation: $40,000

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At the end of 2020, Blake's Bad Ace Bikes, Inc., has the following: Net Sales: $250,000 Cost of Goods: $100,000 Fixed Costs: $50,000 Depreciation: $40,000 Interest:$30,000 Tax Rate: 30% Total Debt: $200,000 Total Shareholder Equity: $500,000 Now, Blake wants his Sales to be $400,000 in 2021. He expects to keep the same Ratios and Retention Rates. What is the Total Funds Needed? $300,000 $420,000 $800,000 O $1,120,000

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