Cassia Wool Company management is doing some financial planning for the coming year. Cassia plans...
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Cassia Wool Company management is doing some financial planning for the coming year. Cassia plans to raise $10,000 in new equity this year and wants to pay a dividend to stockholders of $30,000. The firm must pay $20,000 of interest during the year and will also pay down principal on its debt obligations by $10,000. Its capital budgeting plan calls for $100,000 of capital expenditures during the year. Given the above information, how much cash must be provided from operations for the firm to meet its plan?
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