Question: Use the following information: assets = $313,600; current liabilities = $34,720; long-term liabilities = $174,160; revenues = $156,800; expenses excluding taxes = $121,860; and tax

Use the following information: assets = $313,600; current liabilities = $34,720; long-term liabilities = $174,160; revenues = $156,800; expenses excluding taxes = $121,860; and tax rate = 34%.Suppose that assets, current liabilities, and expenses excl. taxes are proportional with sales, and the firm pays no dividends.How much external financing is needed if the sales increase by 19%?

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