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Assume that all costs, assets, and current liabilities of Taylor, Inc. Increase directly with sales. Also assume that the tax rate, the dividend payout ratio

Assume that all costs, assets, and current liabilities of Taylor, Inc. Increase directly with sales. Also assume that the tax rate, the dividend payout ratio and profit margin ratio are constant. The firm is currently operating at full capacity. What is the external financing need if sales Increase by 8 percent? -$123.92 -$12.87 -$9.20 $11.68 $10814

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