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Assume that Fake Stone. Inc. is operating at full capacity. Also, assume that all assets, cost of goods sold, depreciation, interest, and current liabilities vary

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Assume that Fake Stone. Inc. is operating at full capacity. Also, assume that all assets, cost of goods sold, depreciation, interest, and current liabilities vary directly with sales. The dividend payout ratio and tax rate are constant. What is the external financing need if sales increase by 12 percent

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