Tinbergen Cans expects sales next year to be $50000000. Inventory and accounts r

Tinbergen Cans expects sales next year to be $50000000. Inventory and accounts receivable (combined) will increase $8000000 to accommodate this sales level. The company has a profit margin of 6 percent and 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.A. No external financing will be needed.B. Less than $1000000 of external financing is needed.C. Between $1000000 and $5000000 of external financing is needed.D. More than $5000000 of external financing is needed.