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QUESTION

The most recent financial statements for the Xporter, Inc. are shown here:

Assets, costs, and current liability are proportional to sales, long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase bt exactly 15 percent.

What is the external financing needed? ( Round the answer to 2 decimal places).

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