Question: 1. What will be the required external funds for this company if sales are expected to grow by 20% and sales this year are $30,000,

1. What will be the required external funds for this company if sales are expected to grow by 20% and sales this year are $30,000, assets are $14,000, current liabilities are $420 and its dividends payout ratio is 30% with net income of $6,000? Assume that net capital assets and net income will grow at the same 20% rate as sales.

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