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(a) Use the additional financing needed (AFN) equation to forecast the additional funds that the company will need in 2018. (b) Calculate the AFN using
(a) Use the additional financing needed (AFN) equation to forecast the additional funds that the company will need in 2018. (b) Calculate the AFN using pro-forma financial statements. (c) The company will raise the AFN in (b) from notes payable (30%) and long-term debt (70%). Based on this information, calculate the amount of AFN required in terms of notes payable and long-term debt
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
