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You have collected the following information from Marpole Inc.’s most recent fin...
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You have collected the following information from Marpole Inc.’s most recent financial statements. For simplicity, assume there is zero tax and the company has no interest charge obligations. Assets and costs are proportional to sales, but debt and equity are not. No dividends are paid. If next year’s sales are projected to be $7,434, what is the external financing needed (EFN)?_ Sales $6,300__ Costs $3,890__ Net Income $2,410__ Debt $12,300__ Equity $6,000_
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