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LEE Corp. 3A. Calculate LEE Corp.'s external funds needed (EFN) for the fiscal year of 2024 using the pro forma statement approach. Assume that the
LEE Corp. 3A. Calculate LEE Corp.'s external funds needed (EFN) for the fiscal year of 2024 using the pro forma statement approach. Assume that the percentages of sales for cost of goods sold, current assets and current liabilities remain unchanged at their respective values in 2023 . In addition, the dividend payout ratio is assumed to remain unchanged. The tax rate is 30%. Besides, assume that LEE Corporation needs to expand its plant capacity with a new equipment that costs one billion dollars, if needed, to support the 10% projected growth rate in the sales level for 2024. Suppose LEE Corp. was operating at 91% capacity in 2023 ! and 3B. (i) Calculate the cash flow from assets, CF(A), and its three components for 2023. And the change in current liabilities represents a use/source (circle correct choice) of cash during the fiscal year. (ii) Calculate the cash flow to stockholders, CF(S). If Cusic Ind. issued new long-term debt of $450 million in 2023, calculate the amount of long-term debt must Cusic Ind
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