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Wagner Industrial Motors, which is currently operating at full capacity, has sales of GHS 29,000, current...

Wagner Industrial Motors, which is currently operating at full capacity, has sales of GHS 29,000, current assets of GHS 1,600, current liabilities of GHS 1,200, net fixed assets of GHS 27,500, and a 5 percent profit margin. The firm has no long-term debt and does not plan on acquiring any. The firm does not pay any dividends. Sales are expected to increase by 4.5 percent next year. If all assets, short-term liabilities, and costs vary directly with sales, how much additional equity financing is required for next year?

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