The Lumber Mill Has Total Assets of $591,600,current Liabilities of $49,700,dividends

Multiple Choice

The Lumber Mill has total assets of $591,600,current liabilities of $49,700,dividends paid of $12,000,net sales of $68,400,and net income of $55,400.Assume that all costs,assets,and current liabilities change spontaneously with sales.The tax rate and dividend payout ratios remain constant.If the firm's managers project a firm growth rate of 6 percent for next year,what will be the amount of external financing needed to support this level of growth? Assume the firm is currently operating at full capacity.

A) $3,200
B) −$13,490
C) −$17,520
D) $15,640
E) $16,380