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Jalon Corp's last year's sales were $2,000,000 and generated a net income of $200,000. It had current assets of $520,000 and fixed assets of $480,000.

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Jalon Corp's last year's sales were $2,000,000 and generated a net income of $200,000. It had current assets of $520,000 and fixed assets of $480,000. Its long term debt was 300,000 and current liabilities consisted of $58,000 in accounts avable and $42,000 in accruals. Next year sales are expected to have a growth rate of 30%. Jalon pays out 30% of its earning in the form of dividends. Assuming the above relationships do not change, how much in Additional Funds will need next year? Show your work and circle your

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