Question 2.1 (7 Marks) Sardine Canneries Ltd wants to estimate the amount of funds they will require to fund their operations in 2020. The company has total assets of R70m, liabilities of R10m and a net profit margin of 10% on sales of R60m with a dividend pay-out ratio of 10%. All assets and liabilities are considered spontaneous and increase in line with increases in sales. The company plans to pay an extraordinary dividend of R1m in the coming year. It is expected that sales will grow by 20% in the coming year. Estimate the funds the firm will require in 2020