A Company has $1,000,000 of assets, $100,000 of accounts payable, $300,000 of long-term debt and $600,000 of equity. They earned $50,000 on sales of $500,000 and have a dividend payout ratio of 60%. If sales increase by 10%, according to the percentage of sales model they will have Additional Funds Needed of
- $132,000.
- $68,000.
- $57,000.
- $24,000.