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CCC currently has sales of $27,000,000 and projects sales of $36,450,000 for next year. The firm's current assets equal $7,000,000 while its fixed assets are

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CCC currently has sales of $27,000,000 and projects sales of $36,450,000 for next year. The firm's current assets equal $7,000,000 while its fixed assets are $8,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $200,000. The firm presently has $3,500,000 in accounts payable, $1,400,000 in long-term debt, and $10,100,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $900,000 in dividends next year and has a 5.0% net profit margin. What are the company's additional funds needed for the next year? (Round your answer to the nearest dollar.) -$397,500 $1,727,500 $1,425,000 $502,500 $2,650,000 You are given the following information: Stockholders' equity = $344 million; price/earnings ratio = 40; shares outstanding = 9,230,000; and market/book ratio =7.93. Calculate the market price of a share of the company's stock.. $316.94 $37.27 $258.28 $295.55 $34.36

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