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BioFlex Cleaning has current sales of $10 million and predicts next year's sales will grow to $14 million. Current assets are $3 million and fixed

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BioFlex Cleaning has current sales of $10 million and predicts next year's sales will grow to $14 million. Current assets are $3 million and fixed assets are $4 million. The firm's net profit margin is 7% after taxes. Presently, BioFlex Cleaning has $900,000 in accounts payable, $1.1 million in long-term debt, and $5 million (including $2.5 million in retained earnings) in common equity. Next year, BioFlex Cleaning projects that current assets will rise in direct proportion to the forecasted sales, and that fixed assets will rise by $500,000. BioFlex Cleaning also plans to pay dividends of $400,000 to common shareholders. a. What are BioFlex Cleaning's total financing needs for the upcoming year? b. Given the above information, what are BioFlex Cleaning's discretionary financing needs si t e noble nocant lontano dahit BioFlex Cleaning has current sales of $10 million and predicts next year's sales will grow to $14 million. Current assets are $3 million and fixed assets are $4 million. The firm's net profit margin is 7% after taxes. Presently, BioFlex Cleaning has $900,000 in accounts payable, $1.1 million in long-term debt, and $5 million (including $2.5 million in retained earnings) in common equity. Next year, BioFlex Cleaning projects that current assets will rise in direct proportion to the forecasted sales, and that fixed assets will rise by $500,000. BioFlex Cleaning also plans to pay dividends of $400,000 to common shareholders. a. What are BioFlex Cleaning's total financing needs for the upcoming year? b. Given the above information, what are BioFlex Cleaning's discretionary financing needs si t e noble nocant lontano dahit

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