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Question 12 4 pts Benefits a firm hopes to realize from the financial planning process include orientation towards the past assumptions that are non-standardized preparing

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Question 12 4 pts Benefits a firm hopes to realize from the financial planning process include orientation towards the past assumptions that are non-standardized preparing for contingencies subjectivity Question 13 6 pts Burton Solar Resources is a renewable resources firm with strong growth opportunities. Burton's sales last year were $3M (M - million). They are expected to grow 20% in the coming year. Burton has no access to any external capital and wants to know whether it can finance its planned growth with its internally generated funds. Burton requires additional assets equal to 60% of the increase in sales. Short-term spontaneous liabilities will increase by 20% of the sales increase. The net profit margin is 10%, and Burton plans to pay a $0.2M cash dividend next year. What is the additional funds needed for Burton

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