Rework Problem 16-10 using a spreadsheet model. After completing Parts a through d, respond to the following:

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Rework Problem 16-10 using a spreadsheet model. After completing Parts a through d, respond to the following: If Bowers' customers began to pay late, collections would slow down, thus increasing the required loan amount. If sales declined, this also would have an effect on the required loan. Do a sensitivity analysis that shows the effects of these two factors on the maximum loan requirement.

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Fundamentals of Financial Management

ISBN: 978-1133541141

13th edition

Authors: Eugene F. Brigham, Joel F. Houston

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