In 2023, the JCrew Company's sales were $15.0 million. Its balance sheet at year end 2023 is shown below. JCrew's 2024 sales are expected to be $21 million. Earnings after tax is expected to be 6.0% of sales, and annual dividends of $575,000 are expected to be paid in 2024. The company presently has excess plant and equipment capacity. As a result, assume that the net fixed asset figure on the balance sheet will remain constant for 2024. Assuming that the ratios of assets (except fixed assets, net) to sales and accounts payable to sales in 2023 remain the same in 2024, calculate the total amount, i.e., one number, of external financing required for 2024, using the percentage of sales method. JCrew Co. Balance Sheet (December 31, 2023)($ millions) Current assets: Current liabilities: Cash $0.5 Accts. payable $0.7 Accts. Rec. 1.5 Notes payable 0.8 Inventory 2.5 Long-term debt 2.3 Fixed assets, net 1.5 Stockholders' equity 2.2 Total Assets $6.0 Total Liabilities and Equity $6.0 Question 3 options: $835,000 $220,000 $340,000 $750,000 Question 4 (1.5 points) Continued from the above Question, assuming JCrew plans to raise its external financing exclusively from notes payable, what is the number of notes payable in