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Note : The Answers should be computerized ( Word Version ) or by Excel or Any Financial Program Question C (4 Marks) Dubai, Inc. estimates
Note : The Answers should be computerized ( Word Version ) or by Excel or Any Financial Program
Question C (4 Marks) Dubai, Inc. estimates that its total financing needs for the coming year will be $35 million. The firm's required financing payments on its debt and equity financing during the coming fiscal year will total $10 million. The firm's financial manager estimates that operating cash flows (OCFs) for the coming year will total S33.1 million and that the following changes will occur in the accounts noted. Account Gross fixed assets Change in current assets Change in accounts payable Change in accrued liabilities Forecast change +S4 million +S1 milion +S1 milion +S0.4 million Estimate Dubai's free cash flow (FCF) for the coming year. How much of the free cash flow will the firm have available as a source of new internal financing in the coming year? How much external financing will Dubai need during the coming year to meet its total forecast financing needs? a. b cStep by Step Solution
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