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Last years financial statements for Heller Carbonic are below. Sales are expected to grow by 20 percent this year. Their tax rate is 35 percent and their retention ratio is expected to remain at 60 percent. Costs, selling and administration expense, current assets, accounts payable, and accrued taxes increase proportionally with sales Interest expense, notes payable, and long-term debt will be unchanged. Heller is operating at 85 percent capacity Income Statement Last Year Sales 1,250,000 750,000 250,000 250,000 125,000 125,000 43,750 81,250 Costs of goods sold Selling and admin. expense Earnings before interest & taxes Interest expense Earnings before taxes Taxes Net income Dividends 32,500 Additions to retained earnings 48,750 Balance Sheet Assets Liabilities and Owners Equity Cash 62,500 Accounts payable 100,000Accounts receivable 137,500 275,000 475,000 Notes payable Accrued taxes payable Total current liabilities 175,000 25,000 300,000 Inventory Total current assets Plant and equipment 850,000 Long-term debt 550,000 Common stock Retained earnings Total owners equity 175,000 300,000 475,000 Total assets 1,325,000 Total liabilities & owners equity1,325,000 What is the externmal financing needed? Round your answer to the nearest whole number and no commas. Answer:

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