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Question 4 Consider the following recent financials for XYZ Corporation: Income Statement Balance Sheet Sales 73,802 Assets209,087Debt 38,278 Costs 44.281 Equity 170,809 EBIT 29,521 Taxes

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Question 4 Consider the following recent financials for XYZ Corporation: Income Statement Balance Sheet Sales 73,802 Assets209,087Debt 38,278 Costs 44.281 Equity 170,809 EBIT 29,521 Taxes @ 38% 11,218 Total 209,087 Total 209,087 Net Income 18,303 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2 paid, and the company wishes to maintain a constant payout ratio. Next year's sales projected to grow by 25%. What is the pro-forma value for equity? (Round answer to 2 decimal places. Do not r intermediate caleulations

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