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1: Using the above financial statements, forecast the 2023 Income Statement and Balance Sheet with a 5% expected growth rate in sales. Assume that the
1: Using the above financial statements, forecast the 2023 Income Statement and Balance Sheet with a 5% expected growth rate in sales. Assume that the company is operating at full capacity. Any additional funding deficit will be satisfied using Notes Payable and any additional funding surplus will be used to issue a Special Dividend. The interest on long- term debt is 4.25% and the interest on Notes Payable is 2.5%. The company is using a 7.5% dividend growth rate. (Use the "2023 Forecast" column to answer this question)
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