A services firm does all its business in cash only.The firm projects a cash balance of of $4000 in its account after all taxes and costs are paid.The owners plan to invest $7000 and pay a dividend of $1000.How much net new financing is needed?
A) $4000
B) $5000
C) $6000
D) $7000
E) $8000
Correct Answer:
Verified
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