one time dividend

Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts Payable $ 2,400 $ 3,750 Long-Term Debt $ 3,500 $ 4,145 Tax Rate 34% 34% Dividends $ 824 $ 1,115 Common Shares Outstanding 200 200 Book Value Per Share $ 50.88 $ 58.54 Price / Earnings Multiple (PE) 10 11 13. Berkeley Automobile had one of its best yearly performances in 2019!! Management has decided that it would like to reward its shareholders and make a special payout (dividend). This special "one-time dividend is payable on Jan. 15th, 2020", in the amount of $3 million. Will the company need external financing to pay this one-time dividend on Jan. 15th, 2020? How much external financing (EFN) would they need for Jan. 15th, 2020? (Show work) (5 points). Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts Payable $ 2,400 $ 3,750 Long-Term Debt $ 3,500 $ 4,145 Tax Rate 34% 34% Dividends $ 824 $ 1,115 Common Shares Outstanding 200 200 Book Value Per Share $ 50.88 $ 58.54 Price / Earnings Multiple (PE) 10 11 13. Berkeley Automobile had one of its best yearly performances in 2019!! Management has decided that it would like to reward its shareholders and make a special payout (dividend). This special "one-time dividend is payable on Jan. 15th, 2020", in the amount of $3 million. Will the company need external financing to pay this one-time dividend on Jan. 15th, 2020? How much external financing (EFN) would they need for Jan. 15th, 2020? (Show work) (5 points)