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Management provides the current balance sheet below. In planning for next year they are making the following assumptions Sales will increase by 25% Net income is projected to be $1,470 The plan will require an addition to PPE of $2,000 The firm pays a dividend 30%

Calculate the amount of additional funds needed.

Select one:

A. $2,021

B. $1,601

C. $3,290

D. $1,580

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92318259

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