Dave's Wax Inc

question 23

Multiple Choice

Dave's Wax Inc.'s financial planners have projected a growth rate of 8% for the coming year.Currently,it has assets of $5,000,000 and retained earnings of $120,000.Calculate the amount of external financing Dave will need.

• A) $0
• B) $70,000
• C) $184,000
• D) $280,000

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