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Table 15.1 Irish air services has determined several factors relative to its asset and financing mix. a. The firm earns 10% annually on its current
Table 15.1 Irish air services has determined several factors relative to its asset and financing mix. a. The firm earns 10% annually on its current assets b. The firm earns 20% annually on its fixed assets C. The firm pays 13% annually on current liabilities d. The firm pays 17% annually on long-term funds e. The firm's monthly current, fixed, and total asset requirements for the previous year are summarized in the table belo Month Current Assets Total Assets January February March April May Fixed Assets 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 35,000 40,000 50,000 55,000 60,000 75,000 75,000 75,000 70,000 55,000 50,000 50,000 June July August September October November December 135,000 140,000 150,000 155,000 160,000 175,000 175,000 175,000 170,000 155,000 150,000 150,000 Question: The firm's monthly average seasonal funds requirement is (See Tale 15.1). Retain some information from this problem for another
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