Your firm's 2019 sales were $1,500,000. The firm expects sales to increase by 15% in 2020. The firm has $800,000 in cash. The firm has $400,000 in accounts receivable, and $800,000 in accounts payable. The firm has $4,000,000 in net plant and equipment. The firm has $600,000 in inventory. The firm's total current liabilities are $1,200,000; 30% of the current liabilities are made up of notes payable. The firm has an 8% profit margin, and the firm typically pays out 40% of its net income as dividends. The firm is prepared to issue S200,000 in debt to finance the sales expansion. How much equity will the firm issue, if any, to finance the remaining portion of the funds needed? $303,700 $623.700 $503.700 None of the above