Exquisite Fashion Limited expects its sales to increase 20% next year from its current level of $4.7 million. The company has current assets of $660,000, net fixed assets of $1.5 million, and current liabilities of $462,000. All assets are expected to grow proportionately with sales suggesting that al; assets and Assume Exquisite has a net profit margin of 10% and the company does not pay dividends over the period of the projected sales. Round to the nearest dollar.

2(a) The projected total assets would be:

2(b) Assuming that Exquisite has a net profit margin of 10%, what additional financing (AFN) will be needed to support the increase in sales?

2(c) Assuming you have calculated a negative (less than zero) for the Additional Funds Needed (AFN) in the above question then, and as we discussed in class, fully explain the implications of a negative AFN.