how much should be raised in external funds?

If a firm uses external financing as a plug item, has a new capital budget of $3 million, a net income of $4 million, and a plowback ratio of 35%, how much should be raised in external funds?

2007-03-17 16:17:14 · 1 answers · asked by speedosmom 1 in Social Science ➔ Economics

1 answers

$1.6M should be raised

2007-03-17 17:13:01 · answer #1 · answered by Santa Barbara 7 · 0⤊ 0⤋

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