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Sunny Inc. had current assets of $ 1 . 8 million, fixed assets of $ 1 . 4 million, accounts payable of $ 0 .

Sunny Inc. had current assets of $1.8 million, fixed assets of $1.4 million, accounts payable of $0.8 million, notes payable of $0.6 million, long-term debt of $1.0 million, and owners equity of $0.8 million this year. You are expecting Sunnys sales to grow by 10% to $3 million next year. The net margin will be 15%, and the plowback ratio is 60%. Fixed assets will grow by $0.5 million next year. Owners equity will change only due to the change in retained earnings. What is the external financing needed for Sunny?

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