Assume Marble is projecting a 20% increase in sales for the coming year, and that assets, all costs, and current liabilities are proportional to sales. Long-term debt is not proportional to sales. Assume the firm's tax rate remains unchanged and the dividend payout is 40%. What is the external financing needed (EFN) for 2018 ($ in millions) ?
A) $64.1
B) $110.9
C) $132.3
D) $146.7
E) $152.9
Correct Answer:
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