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Eskitilmis-Yaz Corporation's balance sheet showed the following amounts as of December 31 st : Cash$20Accounts Payable$30 AccountsReceivable80Accruals10 Inventories100Notes Payable40 Net FixedAssets200Long term Debt40 Common Stock40

Eskitilmis-Yaz Corporation's balance sheet showed the following amounts as of December 31st:

Cash$20Accounts Payable$30

AccountsReceivable80Accruals10

Inventories100Notes Payable40

Net FixedAssets200Long term Debt40

Common Stock40

Retained Earnings240

Total Assets400Total Liabilities &Equity400

Last year the firm's sales were $4,000 and it operated at 80% capacity during the year. The company expects to increase next year's sales by 37.5% to $5,500, profit margin is expected to be 2%, and the dividend payout ratio is expected to be 60%. What is the firm's additional funds needed for the next year?

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