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Garza Electronics expects sales next year to increase $540,000. Inventory will have to be increased...

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Garza Electronics expects sales next year to increase $540,000. Inventory will have to be increased by $180,000 to accommodate this sales level. The company has a steady profit margin of 25 percent, with a 7 percent dividend payout. How much external funding will Garza Electronics have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing

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