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  3. assets and costs are proportional to sales. debt a

Assets and costs are proportional to sales. Debt and equity are not. A dividend of...

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Accounting

Assets and costs are proportional to sales. Debt and equity are not. A dividend of
$3,800 was paid, and the company wishes to maintain a constant payout ratio. Next
year's sales are projected to be $36,424.
What is the external financing needed? (Do not round intermediate calculations.)
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