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Your firm's most recent sales total $5,000,000. The firm expects sales to grow by 55% in 2021. The firm has $5,300,000 in total assets. The

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Your firm's most recent sales total $5,000,000. The firm expects sales to grow by 55% in 2021. The firm has $5,300,000 in total assets. The firm's current liabilities total 4,000,000, and notes payable make up 25% of the current liabilities. The firm has a 10% profit margin, and currently pays out 60% of its net income in the form of dividends. What additional funding, if any, does the firm need to finance the growth in sales? $955,000 $405,000 O $2,750,000 None of the above

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