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managerial finance The 2019 financial statements for Growth industries are presented below. Sales and costs are projected to grow ot 40% a year for at
managerial finance The 2019 financial statements for Growth industries are presented below. Sales and costs are projected to grow ot 40% a year for at least the next 4 years. Both current assets and accounts payable are projected to rise in proportion to sales. The firm is currently operating at 70% capacity, so it plans to increase fxed assets in proportion. to sales. Interest expense will equal 10% of long-term debt outstanding ot the start of the year. The firm will maintain a dividend payout. ratio of 0.50. What is the required extemal financing over the next year? Note: Enter excess cash as a negative number with a minus sign
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