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A firm has sales of $ 8 4 , 0 0 0 , net income of $ 1 6 , 8 0 0 , total
A firm has sales of $ net income of $ total assets of $ and total debt of $ Assets and costs are proportional to sales. Debt and equity are not. A dividend of $ was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $ What is the amount of external financing needed?
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