Compute required new financing to finance the expansion

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Question - Clearer Paint has an after- tax profit margin of 5%, and a dividend payout ratio of 30%. If sales grow by 10% next year, compute the required new financing (RNF) to finance the expansion?

A. P4,850,000

B. P3,000,000

C. P2,650,000

D. P5,000,000

Reference no: EM132633156

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