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1. Forecast 2020 financials using assumptions listed below for first pass. Use the following policy for second and third pass (ensuring EFN=0 ): If external

image text in transcribed 1. Forecast 2020 financials using assumptions listed below for first pass. Use the following policy for second and third pass (ensuring EFN=0 ): If external fund are required -- finance 20% with debt, 80% with common stock (for 2 nd and 3 rd pass until EFN=0 ) If there are excess funds -- payoff debt

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