Question: ( Forecasting financing needs ) Beason Manufacturing forecasts its sales next year to be $ 5 . 6 million and expects to earn 4 .

(Forecasting financing needs) Beason Manufacturing forecasts its sales next year to be $5.6 million and expects to earn 4.3 percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions(projections):
bullet Current assets are equal to 19.3 percent of sales, and fixed assets remain at their current level of $1.1 million.
bullet Common equity is currently $0.75million, and the firm pays out half of its after-tax earnings in dividends.
bullet The firm has short-term payables and trade credit that normally equal 12.1 percent of sales, and it has no long-term debt outstanding.
What are Beason's financing needs for the coming year? Beason's expected net income for next year is $ enter your response here. (Round to the nearest dollar.)
 (Forecasting financing needs) Beason Manufacturing forecasts its sales next year to

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