Problem 4.04 – EFN

Fundamentals of Corporate Finance

Ross, Westerfield, and Jordan

13th Edition

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Difficulty – Medium

Given the financial statements and sales predictions for Mixton, Incorporated, and assuming that assets and costs are proportional to sales while debt and equity are not, and given a desired constant payout ratio, what is the external financing needed for the next year? Find the external financing needed.

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