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Based on Jim's expectation of 10.3% sales growth and payout ratio of 89.3% of net income next year, Jim developed the pro forma financial statements
Based on Jim's expectation of 10.3% sales growth and payout ratio of 89.3% of net income next year, Jim developed the pro forma financial statements given below. What is the amount of net new financing needed for Jim's Espresso? Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet. (Select from the drop-down menu.) The total new financing will be $. (Round to the nearest dollar.)
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