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The most recent financial statements for Crosby, Incorporated, follow. Sales for 2 0 2 4 are projected to grow by 2 0 percent. Interest expense
The most recent financial statements for Crosby, Incorporated, follow. Sales for are projected to grow by percent. Interest
expense will remain constant; the tax rate and the dividend payout rate will also 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 is the external financing needed to support the
percent growth rate in sales?
Note: Do not round intermediate calculations.
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