What amount of additional funds does the company need to, Financial Management

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What amount of additional funds does the company need to

A company’s sales last year were $3 million and it operated at full capacity. Its sales this year are expected to increase by 9.5%. The company needs $0.6 of assets per dollar of sales to operate and its current liabilities are $0.1 per dollar of sales. The company’s profit margin is 5% and its dividend payout ratio is 50%. What amount of additional funds does the company need to support this year’s projected sales?

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