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CCC currently has sales of $30,000,000 and projects sales of $40,500,000 for next year. The...

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Finance

CCC currently has sales of $30,000,000 and projects sales of $40,500,000 for next year. The firm's current assets equal $8,000,000 while its fixed assets are $6,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $500,000. The firm presently has $4,000,000 in accounts payable, $2,000,000 in long-term debt, and $8,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $1,200,000 in dividends next year and has a 4.0% net profit margin. What are the company's additional funds needed for the next year?

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