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Question 3 (7 Marks) A company's sales in 2021 were $4 million and its spontanicous assets were 53.2 million Also in the same year, the

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Question 3 (7 Marks) A company's sales in 2021 were $4 million and its spontanicous assets were 53.2 million Also in the same year, the firm's spontaneous liabilities consisted of $0.20 million in wages payable, $0.20 million in accounts payable, and $0.10 million in accrued expenses. "The firm's profit margin is 3% and its dividend payout ratio is 50%. The balance sheet at year end is similar in percentage of sales to that of previous years and this will continue in the future. The firm is operating at full capacity. Required: At what point is the firm able to avoid raising funds externally? Explain

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