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8. Fishing Charter, Inc. estimates that it invests $0.30 in assets for each dollar of new sales. However, 50.05 in profits are produced by each dollar of additional sales, of which $0.01 can be reinvested in the firm. If sales rise by $500,000 next year from their current level of $5 million, and the ratio of spontaneous liabilities to sales is 15 percent, what will be the firm's need for discretionary financing