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The CEO of Easy Home Sales Inc. would like to grow the company to $952,000 in...

The CEO of Easy Home Sales Inc. would like to grow the company to $952,000 in sales for next year. The finance officer has compiled the data below for the current year. Assets and costs will grow proportionate to sales; debt and equity will not. The dividend payout ratio will be the same as current year. What is external financing needed?

Current Year DataSales $800,000

Costs 600,000

Tax rate 35%

Assets 2,000,000

Debt 800,000

Equity 1,200,000

Dividends 26,000

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