Your manager has tasked you with developing an investment planning model for common stocks based on the following assumptions: 1. Sales for the current year are $1,000,000. 2. Net sales are expected to increase by 2% per year for the next 5 years. 3. Current investments in common stock is $250,000. 4. Annual investment rate in common stock is 1% of net sales per year for the next 5 years. 5. Dividends rate is estimated at 8% per year. What should the annual investment be if the companys goal were to reach $500,000 at the end of the 5 years? HINT: Use Goal Seek in Excel (Review Appendix A if needed).