Axle Supply Co$.$ expects sales next year to be $$450,000.$ Inventory and accounts receivable wilicrease by $$90,000$ to accommodate

this sales level. The company has a steady profit margin of $10$ percent, with a $25$ percent dividend payout.

How much external funding will the firm have to seek? Assume there is no increase in liabilities other than that which wiloccur wth

the external financing

$32$:$48$

External funds needed