Question: The external funds needed (EFN) equation projects the addition to retained earnings Projected sales times (1 - d). PM times Projected sales. PM times delta

The external funds needed (EFN) equation projects the addition to retained

The external funds needed (EFN) equation projects the addition to retained earnings Projected sales times (1 - d). PM times Projected sales. PM times delta Sales times (1 - d). PM times delta Sales. PM times Projected sales times (1 - d)

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