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Help Please! Good Day Corporation is a firm with good growth opportunities. Good Day's sales last year were $14M (M = million). They are expected

Help Please!

Good Day Corporation is a firm with good growth opportunities. Good Day's sales last year were $14M (M = million). They are expected to grow 20% in the coming year. Good Day requires additional assets (receivables, inventories, and fixed assets) equal to 75% of the increase in sales. How much additional assets does Good Day require to support its sales growth?

$2.8M

$10.5M

$2.1M

$14M

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