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21) (9 points) Elecraft Corporation is planning a $350 million capital expenditure program next year. Elecraft wants to know how much additional financing will be
21) (9 points) Elecraft Corporation is planning a $350 million capital expenditure program next year. Elecraft wants to know how much additional financing will be needed if they pursue this program. Please constuct a pro-forma Statement of Cash Flows to answer their question Important facts for next year: Elecraft expects to earn net income of $200 million Depreciation is expected to be $180 million The company expects to pay $30 million in dividends Inventory and accounts receivable will each Increase by 540 million The company will pay off maturing long-term debt in the amount of $10 million The company will need to increase its cash balance by $10 million
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