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The most recent financial statements for Bello, Inc., are shown here:    Income Statement Balance Sheet   Sales $ 39,600   Assets $ 145,000   Debt $ 42,000   Costs 27,000   Equity 103,000   Taxable income $ 12,600   Total $ 145,000   Total $ 145,000   Taxes (25%) 3,150   Net income $ 9,450    Assets...

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Finance

The most recent financial statements for Bello, Inc., are shownhere:

  

Income StatementBalance Sheet
  Sales$39,600  Assets$145,000  Debt$42,000
  Costs27,000  Equity103,000
  Taxable income$12,600  Total$145,000  Total$145,000
  Taxes (25%)3,150
  Net income$9,450

  

Assets and costs are proportional to sales; debt and equity arenot. A dividend of $3,300 was paid, and the company wishes tomaintain a constant payout ratio. Next year’s sales are projectedto be $45,144.

  

What is the external financing needed?

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