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Berkshire Building Services generated $ 8 5 million in sales during the current year, and its year - end total assets were $ 1 2

Berkshire Building Services generated $85 million in sales during the
current year, and its year-end total assets were $128 million. Also, at
year-end, current liabilities were $5,895,000 consisting of $3,144,000 of
accounts payable, $1,572,000 of accruals, and $1,179,000 of notes
payable. The firm's profit margin was 8% and payout ratio was 45%. The
firm considered itself at full capacity in the current year. Looking ahead
to next year, estimate the additional funds needed if the firm intends to
grow sales by 9%.
Estimate the Additional Funds Needed to support this growth in sales.
Show your answer in millions and round to 2 decimal places. Do not
include the $ sign in your answer. (ie 12.34).
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