What are the key factors on which external financing depends, as indicated in the AFN equation?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter9: Projecting Financial Statements
Section9.5: Percent-of-sales Projected Financial Statements
Problem 4CC
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What are the key factors on which external financing depends, as indicated in the AFN equation?

 
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