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Your firm recorded sales for the most recent year of $10 million generated from an asset base of $7 million, producing a $500,000 net income.Sales

Your firm recorded sales for the most recent year of $10 million generated from an asset base of $7 million, producing a $500,000 net income.Sales are projected to grow at 20%, causing spontaneous liabilities to increase by $200,000.In the most recent year, $200,000 was paid out as dividends, and the current payout ratio and D/E ratiopolicies are expected tocontinue in the upcoming years.What is your firms additional funds needed?

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