Axle Supply Co expects sales next year to be $300,000. &nbspInv

Axle Supply Co expects sales next year to be $300,000.  Inventory and accounts receivable will increase by $60,000 to accommodate this sales level.  The company has a steady profit margin of 10 percent with a 30 percent dividend payout.  How much external financing will the firm have to seek?  Assume there is no increase in liabilities other than that which will occur with the external financing.