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Zero cumulative surplus

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Reference no: EM131967307

Your firm has a net cash inflow for the quarter of $-56. The beginning cash balance is $11. Company policy is to maintain a minimum cash balance of $5 and borrow only the amount that is necessary to maintain that balance.

How much does your firm need to borrow to have a zero cumulative surplus? (Round answer to 0 decimal places, do not round intermediate calculations)

Reference no: EM131967307

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