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The most recent financial statements for Cornell, Inc., Assets and costs are proportional to sales....

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Accounting

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The most recent financial statements for Cornell, Inc., Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2, 200 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,000. What is the external financing needed? (Do not round intermediate calculations.) External financing needed $ 5, 010

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