Franck Eggelhoffer expects the sales for his clothing company to be $$600,000$ next year. Franck notes that net assets $($Assets $-$

Liabilities$)$ will remain unchanged. His clothing firm will enjoy a $12$ percent return on total sales. He will start the year with $$200,000$ in

the bank.

What will Franck's ending cash balance be$?$

Ending cash balance