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Jones Inc. expects its sales to increase 20% next year form its current level of $4.7 million. It has current assets of $660,000, net fixed

Jones Inc. expects its sales to increase 20% next year form its current level of $4.7 million. It has current assets of $660,000, net fixed assets of $1.5 million, and current liabilities of $462,00. All assets are expected to grow proportionately with sales. If Jones has a net profit margin of 15%, what additional financing will be needed to support the increase in sales?

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