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The Landis Corporation had 2008 sales of $100 million. The dividend payout rate is 50 percent, and the balance?
in retained earnings at the end of 2008 was $33 million. Common stock and the company’s long-term bonds are $10 million and $5 mil. Notes payable are currently $12 mil. a. how much additional external capital will be required for next year is the sales increase to 15 percent.
Is that all? What is the question?