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These are your financial statements for the year ending today. You expect sales to increase 20% next year. Assume you are currently operating at 90%

image text in transcribed These are your financial statements for the year ending today. You expect sales to increase 20% next year. Assume you are currently operating at 90% capacity, interest expense will be 13% of any interest-bearing debt balance at the beginning of the year, and dividends will grow by 3%. Using a pro forma income statement to estimate the additions to retained earnings, how much external funds do you project needing to support the 20% sales growth? Please explain how you arrived at your answer, any assumptions you made and what you perceive to be any limitations of your

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