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ASsume that a firm has sales of $ 2 5 0 0 0 0 0 0 total assests of $ 2 0 0 0 0

ASsume that a firm has sales of $25000000 total assests of $20000000 current assets of 8000000 spontaneous liabilities of $3000000 a profit margin of 3.750 percent a tax rate of 40% a dividend payout rate of 60 percent. Also assume that sales are expected to increase to $28000000 for the coming year and that the firm will nit need to increase its fixed assests at this level of sales. Given this information and using the equation approach determine the additional funds needed for the coming year

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