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Clapham Industries expects revenues of $392,000,000 and a net profit margin of 22% in the upcoming year. End of year assets are expected to total
Clapham Industries expects revenues of $392,000,000 and a net profit margin of 22% in the upcoming year. End of year assets are expected to total $1,350,000,000 and accounts payable and other non-debt liabilities are forecasted to increase by $25,000,000. Clapham currently has total liabilities of $300,000,000 and total shareholders equity of $810,000,000.
How much net new financing does Clapham need for the upcoming year?
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