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The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2 0 2 2 are projected to grow by 2 0 percent. Interest
The most recent financial statements for Crosby, Incorporated, appear below. Sales for
are projected to grow by percent. Interest expense will remain constant; the tax
rate and the dividend payout rate also will remain constant. Costs, other expenses,
current assets, fixed assets, and accounts payable increase spontaneously with sales.
If the firm is operating at full capacity and no new debt or equity is issued, what external
financing is needed to support the percent growth rate in sales? Do not round
intermediate calculations and round your answer to the nearest whole number, eg
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