Question 4 10 points Save Answer SCOM Corporation's sales are expected to increase from $5 million in 20X1 to $6 million in 20x2, or by 20 percent. Its assets totaled $4 million at the end of 20X1. SCOM is at full capacity, so its assets must grow in proportion to projected sales. At the end of 20X1, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. The after-tax profit margin is forecasted to be 5 percent. However, now assume that the company pays no dividends. Under these assumptions, waht would be the additional funds needed for the coming year? Use the EFN equation. Note: Do not use anymore currency symbol, use comma every after three digits