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Global Corp. expects sales to grow by ( 7 % ) next year. Assume that Global pays out ( 4 5

Global Corp. expects sales to grow by \(7\%\) next year. Assume that Global pays out \(45\%\) of its net income. Global developed the pro forma financial statements given below. If Global decides that it will limit its net new financing fo no more than \(\$ 5.12\) million, how will this affect its payout policy? Global's current statements are in the following data table EE: Click on the following icon for the pro forma income statement p in order to copy its contents into a spreadsheet. The amount of net new financing needed for Global is \(\$ \) million. (Round to two decimal places.)Pro Forma Financial Statements
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