Broussard Skateboard's sales are expected to increase by 25 from $9 0 million in 2016 to $11 25 million in 2017 Its assets totaled $4 million at the end of 2016 Broussard is already at full capacity, so its assets must grow at the same rate as projected sales At the end of 2016, current liabilities were $1 4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals The after tax profit margin is forecasted to be 4 , and the forecasted payout ratio is 60 Use the AFN equation to forecast Broussard's additional funds needed for the coming year Round your answer to the nearest dollar Do not round intermediate calculations $ AFN equation Broussard Skateboard's sales are expected to increase by 15 from $9 0 million in 2016 to $10 35 million in 2017 Its assets totaled $4 million at the end of 2016 Broussard is already at full capacity, so its assets must grow at the same rate as projected sales At the end of 2016, current liabilities were $1 4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals The after tax profit margin is forecasted to be 4 , and the forecasted payout ratio is 70 What would be the additional funds needed Do not round intermediate calculations Round your answer to the nearest dollar $ Assume that an otherwise identical firm had $5 million in total assets at the end of 2016 The identical firm's capital intensity ratio (A 0 S 0 ) is Select higher than, lower than and equal to than Broussard's therefore, the identical firm is Select less more the same capital intensive it would require Select a smaller, larger the and same increase in total assets to support the increase in sales LL Incorporated's currently outstanding 7 coupon bonds have a yield to maturity of 12 LL believes it could issue new bonds at par that would provide a similar yield to maturity If its marginal tax rate is 40 , what is LL's after tax cost of debt Round your answer to two decimal places Summerdahl Resort's common stock is currently trading at $38 00 a share The stock is expected to pay a dividend of $2 00 a share at the end of the year (D 1 $2 00), and the dividend is expected to grow at a constant rate of 4 a year What is the cost of common equity Round your answer to two decimal places

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Broussard Skateboard's sales are expected to increase by 25% from $9.0 million in 2016 to $11.25 million in 2017. Its assets totaled $4 million at

Broussard Skateboard's sales are expected to increase by 25% from $9.0 million in 2016 to $11.25 million in 2017. Its assets totaled $4 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 60%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Round your answer to the nearest dollar. Do not round intermediate calculations.

AFN equation

Broussard Skateboard's sales are expected to increase by 15% from $9.0 million in 2016 to $10.35 million in 2017. Its assets totaled $4 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 70%. What would be the additional funds needed? Do not round intermediate calculations. Round your answer to the nearest dollar. $

Assume that an otherwise identical firm had $5 million in total assets at the end of 2016. The identical firm's capital intensity ratio (A₀*/S₀) is -Select-higher than, lower than and equal to than Broussard's; therefore, the identical firm is -Select-less more the same capital intensive - it would require -Select-a smaller, larger the and same increase in total assets to support the increase in sales.

LL Incorporated's currently outstanding 7% coupon bonds have a yield to maturity of 12%. LL believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 40%, what is LL's after-tax cost of debt? Round your answer to two decimal places.

Summerdahl Resort's common stock is currently trading at $38.00 a share. The stock is expected to pay a dividend of $2.00 a share at the end of the year (D₁ = $2.00), and the dividend is expected to grow at a constant rate of 4% a year. What is the cost of common equity? Round your answer to two decimal places.