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QUESTION 62 Bobbi expects to incur the following cash outflows during the coming year: Travel = $2,000, Purchase vintage pin ball machine = $3,000, Gift

QUESTION 62

Bobbi expects to incur the following cash outflows during the coming year:

Travel = $2,000, Purchase vintage pin ball machine = $3,000, Gift for graduating niece = $1,000, and Pay off automobile loan = $4,000. The liquidity constraint for Bobbi is closest to:

a. $4,000.

b. $8,000.

c. $10,000.

d. $12,000.

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