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Sales for 2016 were $300,000. Sales for 2017 have been projected to increase by 20%. Marbell Inc. is operating below capacity and needs no additional

Sales for 2016 were $300,000. Sales for 2017 have been projected to increase by 20%. Marbell Inc. is operating below capacity and needs no additional investment in capital assets. Marbell has an 8% return on sales and 70% is paid out as dividends.Use the RNF method to determine the amount of new funds required to finance this growth.

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