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XYZ has the following financial information for 2019: Sales = $8M, Net Inc = $1.6M, Div. = $0.4M C.A = $2M, F.A = $14M C.L

XYZ has the following financial information for 2019:

Sales = $8M, Net Inc = $1.6M, Div. = $0.4M

C.A = $2M, F.A = $14M

C.L = $0.8M, LTD = $4M, C.S = $8M, R.E = $3.2M if 2020 sales are projected to be $9.6M what is the amount of external financing needed, assuming XYZ is operating at full capacity, and profit margin and payout ratio remain constant?

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