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  3. please see below the financial statements of a com

Please see below the financial statements of a company this year: Income Statement Sales $23,300...

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Finance

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Please see below the financial statements of a company this year: Income Statement Sales $23,300 Assets Costs 16,100 Taxable $7,200 Total income Taxes (25%) 1,800 Net income $5,400 Balance Sheet $108,600 Debt Equity $108,600 Total $35,600 73,000 $108,600 We're told that both of the company's costs and assets are proportional to its sales, while items on the right side of the balance sheet are not. The company's management aims to maintain a fixed payout ratio. This year, the company paid $1,610 as dividends to shareholders. Next year's sales are projected to be $27,800. What is the external financing needed

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