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Berea Resources is planning a $75 million capital expenditure program for the coming year. Next year, Berea expects to report to the IRS earnings of $40 million after interest and taxes. The company presently has 20 million shares of common stock issued and outstanding. Dividend payments are expected to increase from the present level of $10 million to $12 million. The company expects its current asset needs to increase from a current level of $25 million to $30 million. Current liabilities, excluding short-term bank borrowings, are expected to increase from $15 million to $17 million. Interest payments are $5 million next year, and long-term debt retirement obligations are $8 million next year. Depreciation next year is expected to be $15 million on the company's financial statements, but the company will report depreciation of $18 million for tax purposes.
How much external financing is required by Berea for the coming year?
Suppose the exchange rate is $1.2757 per euro. If the dollar depreciates by 9% against the dollar, how many Euros would a dollar buy tomorrow? Round to 4 decimal points
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question 1you are considering investing in facial laboratories. suppose facial is currently undergoing expansion and is
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Assume you are to receive a 10-year annuity with annual payments of $1000. The first payment will be received at the end of Year 1, and the last payment will be received at the end of Year 10. You will invest each payment in an account that pays 9 pe..
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