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  3. a firm retains earnings of $5,000. what is the tot

A firm retains earnings of $5,000. What is the total external financing needed if this...

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Finance

A firm retains earnings of $5,000. What is the total external financing needed if this company, with $120,000 in assets, has projected a growth rate of 10 percent?

Multiple Choice
  • $7,000
  • $12,000
  • $5,000
  • Zero
  • $500

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