The most recent financial statements for Company X, follow. Sales for 2021 are projected to grow by 13 percent. Interest

The most recent financial statements for Company X, follow. Sales for 2021 are projected to grow by 13 percent. Interest expense will remain constant; the tax rate is 20%. Current assets (except inventory), and accounts payable increase spontaneously with sales. Costs-to-Sales ratio would be increased by 20%, payout ratio will be increased by 10%, and inventory will be increased to $300. If the firm is operating at 95% capacity and no new debt or equity is issued, what external financing is needed to support the growth rate in sales?


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