Question: I need help with this HOMEWORK Use the following information to determine a Financing Plan for UVX, Inc.: The company expects Net Income of $81

I need help with this HOMEWORK

Use the following information to determine a Financing

Plan for UVX, Inc.:

The company expects Net Income of $81 Million in the coming year

Expected Return on Sales (ROS) is 12% and the Marginal tax Rate is 28%

After any tax effects, they will pay net interest charges of $11 million during

the coming year

The company expects a Marginal Tax Rate of 28% in the coming year

Last year the firm paid $44 million in Dividends as has pledged to increase

Dividends by 5% in the coming year

The expected Capital Budget is $285 Million

The company's target Debt-to-Equity Ratio is 1.2

The firm has a current Cash balance of $60 Million and a target Cash balance

of 10% of Sales

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