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The most recent financial statements for Cardinal, Inc., are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend
The most recent financial statements for Cardinal, Inc., are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,100 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,176. What is the external financing needed? (Do not round intermediate calculations.)
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