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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes). The company has predicted a sales increase of 15 percent. Assume

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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes). The company has predicted a sales increase of 15 percent. Assume Fire pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements and determine the external financing needed. Complete the following analysis. Do not hard code values in your answers

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