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Assume Marble Is Projecting a 20% Increase in Sales for the Coming

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Assume Marble is projecting a 20% increase in sales for the coming year, with current assets, all costs, and current liabilities proportional to sales. Long-term debt is not proportional to sales. If the firm's tax rate remains unchanged, the dividend payout is 40%, and Marble is operating at 70% of capacity, what is the external financing needed (EFN) for 2018 ($ in millions) ? A) EFN is negative B) $21.94 C) $48.31 D) $76.32 E) $89.85 Assume Marble is projecting a 20% increase in sales for the coming year, with current assets, all costs, and current liabilities proportional to sales. Long-term debt is not proportional to sales. If the firm's tax rate remains unchanged, the dividend payout is 40%, and Marble is operating at 70% of capacity, what is the external financing needed (EFN) for 2018 ($ in millions) ? A) EFN is negative B) $21.94 C) $48.31 D) $76.32 E) $89.85 Assume Marble is projecting a 20% increase in sales for the coming year, with current assets, all costs, and current liabilities proportional to sales. Long-term debt is not proportional to sales. If the firm's tax rate remains unchanged, the dividend payout is 40%, and Marble is operating at 70% of capacity, what is the external financing needed (EFN) for 2018 ($ in millions) ?

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