Find Eagle’s required external funds if it maintains a dividend payout ratio of 70% and plans a growth rate of 15% in 2023.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
If Eagle chooses not to issue new shares of stock, what variable must be the balancing item?
What will be the value of this balancing item?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Now suppose that the firm plans instead to increase long-term debt only to $1,100 and does not wish to issue any new shares of stock. What is now the balancing item?
What will be the value of this new balancing item?
Note: Do not round intermediate calculations. Round your answer to the nearest whole number.