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Which of the following are appropriate reasons to use projections? 1. To determine the required loan amount 2. When the company is seasonal 3. When

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Which of the following are appropriate reasons to use projections? 1. To determine the required loan amount 2. When the company is seasonal 3. When the financing is long-term 4. To provide a basis for establishing financial covenants 1, 2, 3 and 4 1, 2 and 3 2, 3 and 4 3 and 4

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