Michael Norton is the president of Liberty Enterprises, a large MNE based in Singapore that makes computers and related peripherals. The firm has many subsidiaries around the world. Demand for Liberty’s products has been growing in Asia and Europe, especially in Indonesia, Japan, France, and Spain. Michael has always used external sources to finance the firm’s working capital needs. Currently, with rapidly expanding business, he needs to access more working capital. What is the feasibility of raising funds through intracorporate sources? What methods can Michael use to transfer funds within the firm? What should Michael know about multilateral netting?

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