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Suppose that Wall - E Corporation currently has the balance sheet shown below, and that sales for the year just ended were $ 7 .
Suppose that WallE Corporation currently has the balance sheet shown below, and that sales for the year just ended were $ million. The firm also has a profit margin of percent and a retention ratio of percent and expects sales of $ million next year. Fixed assets are currently fully utilized, and the nature of WallEs fixed assets is such that they must be added in $ million increments.
Assets Liabilities and Equity
Current assets $ Current liabilities $
Fixed assets Longterm debt
Equity
Total assets $ Total liabilities and equity $
If current assets and current liabilities are expected to grow with sales, what amount of additional funds will WallE need from external sources to fund the expected growth?
Note: Enter your answer in dollars not in millions. Round your answer to the nearest whole dollar.
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