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1 7 - 3 AFN EQUATION Refer to problem 1 7 - 1 and assume that the company had $ 3 million in assets at

17 - 3

AFN EQUATION Refer to problem

17 - 1

and assume that the company had $

3

million in

assets at the end of

2018 .

However, now assume that the company pays no dividends.

Under these assumptions, what additional funds would be needed for the coming year?

Why is this AFN different from the one you found in problem

17 - 1 ?

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