Question 3 (15 points) Saved Your firm wants to increase sales by 45% in 2020. 2019 sales were $850,000. The firm has $450,000 in cash on its balance sheet. The balance sheet also shows $400,000 in inventory, and $800,000 in accounts receivable. The firm has $3,000,000 in long-term assets. The firm also has $250,000 in accounts payable, and $100,000 in accruals. The firm's notes payable balance is $50,000. The firm's profit margin is 4%, and the firm typically retains 60% of its net income. The firm plans to finance 60% of its sales expansion by issuing new debt, and the remaining portion by issuing equity. How much debt must the firm issue to finance the sales expansion