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The most recent financial statements for Summer Tyme, Inc., are shown here: Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity

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The most recent financial statements for Summer Tyme, Inc., are shown here: Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 20 percent. Required: What is the external financing needed? (Do not round your intermediate calculations.)

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