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CCC currently has sales of $25,000,000 and projects sales of $32,500,000 for next year. The firm's current assets equal $7,000,000 while its fixed assets are

CCC currently has sales of $25,000,000 and projects sales of $32,500,000 for next year. The firm's current assets equal $7,000,000 while its fixed assets are $8,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $300,000. The firm presently has $2,800,000 in accounts payable, $1,700,000 in long-term debt, and $10,500,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $900,000 in dividends next year and has a 5.0% net profit margin. What are the company's additional funds needed for the next year?

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