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The Tigers Inc.'s sales are forecasted to double from $1,000 in 2020 to $2,000 in 2021 (that is, a 100% increase). The 2020 Balance sheet

The Tigers Inc.'s sales are forecasted to double from $1,000 in 2020 to $2,000 in 2021 (that is, a 100% increase). The 2020 Balance sheet for Tigers Inc., is shown here:
2020 Balance Sheet
Cash $ 100 Account payable $ 100
Account receivable $ 200 Notes payable $ 150
Inventories $ 250 Long-term debt $ 400
Net fixed assets $ 500 Common stock $ 150
Retained earnings $ 250
Total assets $ 1,050 Total liabilities and equity $ 1,050
Assume that Tigers' fixed assets were used to 100% capacity and that its current assets were at their proper levels in relation to sales. Tigers' after-tax profit margin (i.e. NI/ Sales) is forecasted to be 7% and its payout ratio to be 50%. What is Tigers' additional funds needed (AFN) for 2021? Round your answer to the nearest dollar.
Sales 2020 = $ 1,000
Sales 2021 = $ 2,000
NI/Sales = 7%
Payout ratio = 50%
What is Tigers' additional funds needed (AFN) for 2021? Round your answer to the nearest dollar.

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