Question: What is the external financing needed ? Pay out ratio 10%, sales growth 10%Answer ? 5410$ EMI? points . ;;r' E STATEMENT ' BALANCE SHEET

What is the external financing needed ? Pay out ratio 10%, sales growth 10%Answer ? 5410$

EMI? points . ;;r' "E STATEMENT ' BALANCE SHEET i ' 7 ' Sales $ 33,600 Assets $ 54,100 Debt $ 22,100 Costs 25,600 Equity 32,000 Taxable income $ 8,000 '. Total $ 54,100 Total $ 54,100 Taxes (40%) ' 3,200 'Net'income s '4,800 @ v ' ' .' ., ' . " - t. Adividend affirmam 3 9" s 15 E ' re re ortlonai to sales. Debt apd eqUItV are? no . ' ' mgmtgin a constant payoutlfatlo. Next year 3 sales are pmxentemom

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