Calculate a business's future financing needs if it expects $375,000 in income, $296,750 in routine expenses, wants to maintain a cash reserve of $50,000, and plans to purchase a $125,000 piece of equipment.

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Calculate a business's future financing needs if it expects $375,000 in income, $296,750 in routine expenses, wants to maintain a cash reserve of $50,000, and plans to purchase a $125,000 piece of equipment.