Management provides the current balance sheet below. In planning for next year they are making the following assumptions Sales will increase by 25% Net income is projected to be $1,470 The plan will require an addition to PPE of $2,000 The firm pays a dividend 30%
Calculate the amount of additional funds needed.
Select one:
A. $2,021
B. $1,601
C. $3,290
D. $1,580