Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN: 9781305635937
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Chapter 16, Problem 2P

AFN EQUATION Refer to problem 16-1. What additional funds would be needed if the company’s year-end 2016 assets had been $4 million? Assume that all other numbers are the same. Why is this AFN different from the one you found in problem 16-1? Is the company’s “capital intensity” the same or different? Explain.

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