Fishing​ charter, inc. estimates that it invests ​$0.35 in assets for each dollar of new sales.​ however, ​$0.07 in profits are produced by each dollar of additional​ sales, of which ​$0.02 can be reinvested in the firm. if sales rise by ​$500 comma 000 next year from their current level of ​$5 ​million, and the ratio of spontaneous liabilities to sales is 6 ​percent, what will be the​ firm's need for discretionary​ financing?

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