Spontaneously generated funds are generally defined as follows: a. funds that a firm must raise externally through borrowing or by selling new common or preferred stock.
b. a forecasting approach in which the forecasted percentage of sales for each item is held constant.
c. assets required per dollar of sales.
d. the amount of cash raised in a given year minus the amount of cash needed to finance the additional capital expenditures and working capital needed to support the firm