Question: Next, you will explore what level of external financing is needed ( EFN ) . What is EFN? Existing long - term debt multiplied by

Next, you will explore what level of external
financing is needed (EFN).
What is EFN?
Existing long-term debt multiplied by the
expected growth rate.
The total investment required to complete an
expansion or achieve a level of growth.
The difference between profits generated by the
business and total funding needed to complete an
expansion or investment.
 Next, you will explore what level of external financing is needed

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