Suppose that the 2009 actual and 2010 projected financial statements for CMT Corp are initially as shown below. In these tables, sales are projected to rise 35 percent in the coming year, and the components of the income statement and balance sheet that are expected to increase at the same 35 percent rate as sales need to be calculated and are indicated with a blank space (___). Assuming that CMT Corp wants to cover the AFN with 30 percent equity, 35 percent long-term debt, and the remainder from notes payable, what amount of additional funds will they need to raise if debt carries a 9 percent interest rate?

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The Answer of Suppose that the 2009 actual and 2010 projected financial statements for CMT Corp are initially as shown below. In these tables, sales are projected to rise 35 percent in the coming year, and the components of the income statement and balance sheet that are expected to increase at the same 35 percent rate as sales need to be calculated and are indicated with a blank space (___). Assuming that CMT Corp wants to cover the AFN with 30 percent equity, 35 percent long-term debt, and the remainder from notes payable, what amount of additional funds will they need to raise if debt carries a 9 percent interest rate?

Suppose That the 2009 Actual and 2010 Projected Financial Statements