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The most recent financial statements for Fleury Inc., follow. Sales for next year are projected to grow by 24 percent. Interest expense will remain constant;

The most recent financial statements for Fleury Inc., follow. Sales for next year are projected to grow by 24 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales.

FLEURY, INC.
Income Statement
Sales $ 576199
Costs 501793
Other expenses 10380
Earnings before interest and taxes $ ?
Interest paid 12243
Taxable income $ ?
Taxes (30%) ?
Net income ?
Dividends $ 8382

FLEURY, INC.
Balance Sheet
Assets Liabilities and Owners Equity
Current assets Current liabilities
Cash $ 20699 Accounts payable $ 51639
Accounts receivable 39933 Notes payable 15237
Inventory 70109
Long-term debt $ 102444
Fixed assets
Net plant and equipment $ 416101 Owners equity
Common stock and paid-in surplus $ 147760
Retained earnings ?

If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 24 percent growth rate in sales?

(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)

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