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Your firms is operating its assets at full capacity and plans to increase sales by 15% next year. If the firm currently has $15M in
Your firms is operating its assets at full capacity and plans to increase sales by 15% next year. If the firm currently has $15M in assets, $7M in spontaneous liabilities and forecasts earnings of $800,000 next year calculate the forecasted additional funds needed (AFN) assuming a dividend payout ratio of 0.50.
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