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OCA Technologies has total assets of $1,240,000, long-term debt of $570,000, stockholders' equity of $300,000, and current liabilities of $370,000. The dividend payout ratio is

OCA Technologies has total assets of $1,240,000, long-term debt of $570,000, stockholders' equity of $300,000, and current liabilities of $370,000. The dividend payout ratio is 35 percent and the profit margin is 7 percent. Assume all assets and current liabilities change spontaneously with sales and the firm is currently operating at full capacity. What is the external financing need if the current sales of $1,800,000 are projected to increase by 15 percent?

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