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The external funds needed (EFN) equation projects the addition to retained earnings as: PM Projected sales (1 -d). PM Sales. Projected sales (1 -d). PM
The external funds needed (EFN) equation projects the addition to retained earnings as:
PM Projected sales (1 -d).PM Sales.Projected sales (1 -d).PM Sales(1 -d).PMProjected sales.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
