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

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

PM Projected sales (1 -d).PM Sales.Projected sales (1 -d).PM Sales(1 -d).PMProjected sales.

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