Question: Wolf Den Craft Beers projects that it will need $50 million in total assets to meet the sales projection of $65 million. The pro forma

 Wolf Den Craft Beers projects that it will need $50 million

Wolf Den Craft Beers projects that it will need $50 million in total assets to meet the sales projection of $65 million. The pro forma balance sheet shows accounts payable, $8 million, accrued expenses, $2 million, long-term debt, $10 million and equity, $25 million. If Wolf Den decides to meet discretionary financing needs with 5 year notes payable, how much will it need to borrow? able, s8 million, accrued expenses, $2 million, long - term debt, O A. $5 million. O B. $10 million O c. $0, the firm will have excess funds O D. Cannot be calculated without knowing the net profit margin

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