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Lowell Plastics has total assets of $1,750,000, long-term debt of $380,000, stockholders' equity of $720,000,...

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Finance

Lowell Plastics has total assets of $1,750,000, long-term debt of $380,000, stockholders' equity of $720,000, and current liabilities of $650,000. The dividend payout ratio is 35 percent and the profit margin is 8 percent. Assume all assets and current liabilities change spontaneously with sales and the firm is currently operating at full capacity. What is the external financing need if the current sales of $2,640,000 are projected to increase by 17 percent? $46,884 $41,903 $36,478 $31,205 $26,382

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