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Question 10 10 pts CCC currently has sales of $30,000,000 and projects sales of $40,500,000 for next year. The firm's current assets equal $8,000,000 while

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Question 10 10 pts CCC currently has sales of $30,000,000 and projects sales of $40,500,000 for next year. The firm's current assets equal $8,000,000 while its fixed assets are $6,000,000. The best estimate is that current assets will rise directly with sales while fixed assets will rise by $500,000. The firm presently has $4,000,000 in accounts payable, $2,000,000 in long-term debt, and $8,000,000 in common equity. All current liabilities are expected to change directly with sales. CCC plans to pay $1,200,000 in dividends next year and has a 4.0% net profit margin. Assuming the increase in fixed assets will occur, what is the most sales could equal next year without using discretionary sources of funds? O $30.347,679 O $27.378.214 $24,642.857 $21,757.179 $23,218,007

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