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How much new external financing in dollars will our firm need for the next year? Our firm produces the very popular anti-gravity hula hoop. Sales

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How much new external financing in dollars will our firm need for the next year? Our firm produces the very popular anti-gravity hula hoop. Sales growth of 20% is expected next year. At the beginning of the year, our total debt = $48 million and book value of common equity = $32 million. Expected ROE = 17% and we plan to payout 35% of earnings. Enter your answer without any commas or dollar signs

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