Bondi Beachwear Company expects sales next year to be $$480,000.$ Inventory and accounts receivable will have to be increased by

$$70,000$ to accommodate this sales level. The company has a steady profit margin of $15$ percent, with a $40$ percent dividend payout.

How much external funding will Bondi Beachwear Company have to seek? Assume there is no increase in liabilities other than that

which will occur with the external financing.

External funds needed