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Question 10 6 pts Hamilton, Inc. had sales of $12 million. They are expected to ghow 15% in the coming year. Hamilton requires additional assets

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Question 10 6 pts Hamilton, Inc. had sales of $12 million. They are expected to ghow 15% in the coming year. Hamilton requires additional assets (receivables, inventories, and fixed assets) equal to 70% of the increase in sales. Short-term liabilities (accounts payable and other accruals) will increase by 10% of the sales increase. The net profit margin is 8%, and the company plans to pay a $80,000 cash dividend next year. What is additional (external) funds requirements to meet the company's asset needs?(Enter your answer accurate to the nearest dollar)

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