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The Cornell Company has determined its external finance needs for the year 2021 to be $170,000,000. The company is working under 100% capacity. Therefore, there

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The Cornell Company has determined its external finance needs for the year 2021 to be $170,000,000. The company is working under 100% capacity. Therefore, there will be no incremental fixed assets. The change in NWC is estimated to be equal to 44" of change in debt. The desired net income is around $16,500,000 under a DPR of 51% Required: Find out the volume of resources that the company has to explore from the equity market as outlined by the EFN. The Cornell Company has determined its external finance needs for the year 2021 to be $170,000,000. The company is working under 100% capacity. Therefore, there will be no incremental fixed assets. The change in NWC is estimated to be equal to 44" of change in debt. The desired net income is around $16,500,000 under a DPR of 51% Required: Find out the volume of resources that the company has to explore from the equity market as outlined by the EFN

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