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Max Co., which is currently operating at full capacity has current assets of $150.000, net fixed assets of $250,000, current liabilities of $100.000, dividend of

Max Co., which is currently operating at full capacity has current assets of $150.000, net fixed assets of $250,000, current liabilities of $100.000, dividend of $5,400, interest expense of $80,000, depreciation of $60,000, variable cost of $30,000, fixed cost of $15,000, and the addition to retained earnings of $6,600. The tax rate is 21%, and the unit price is expected to increase by 5% next year. All assets, all current liabilities, and all costs vary directly with sales. How much additional equity financing is required for next year?

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