a company has revenues of 100 million, cogs are 60% of sales, operating expensesare 10% of sales (including depreciation). interest expense is 3 million. tax rate is40%, dividend payout is 1/3. assets are 100 million, debt is 30 million, accountspayable are 6 million. equity is 64 million. what is external financing need if thecompany grows at 12%. assume interest expense stays constant. assume any surplusgoes to assets and any deficit goes to debt.a company has revenues of 100 million, cogs are 60% of sales, operating expensesare 10% of sales (including depreciation). interest expense is 3 million. tax rate is40%, dividend payout is 1/3. assets are 100 million, debt is 30 million, accountspayable are 6 million. equity is 64 million. what is external financing need if thecompany grows at 12%. assume interest expense stays constant. assume any surplusgoes to assets and any deficit goes to debt.
