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During September, the capital expenditure budget indicates a $500000 purchase of equipment. The ending September cash balance from operations is budgeted to be $65000. The

During September, the capital expenditure budget indicates a $500000 purchase of equipment. The ending September cash balance from operations is budgeted to be $65000. The company wants to maintain a minimum cash balance of $33000. What is the minimum cash loan that must be planned to be borrowed from the bank during September?

$468000

$435000

$402000

$533000

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