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PROBLEM 2 Taylor Technologies is a small manufacturer of ultrasound equipment. The Year 1 financial statements for the firm are shown below: Suppose that in

PROBLEM 2
Taylor Technologies is a small manufacturer of ultrasound equipment. The Year 1 financial statements for the firm are shown below:
Suppose that in Year 2, sales increase by 10 percent over Year 1 sales. Construct the pro forma financial statements using the constant growth method. Assume the firm operated at full capacity in Year 1. What will be the external funding requirement?
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