1. The Additional Funds Needed (AFN) equation Cold Duck Manufacturing Inc. has the following sud-of-ya balance Cold Duck Manufacturing Eng, Balance Sheet for the Year Ended on December 31 Current Labs cash and equivalents Acconcave $150,000 400,000 350,00 200,000 Accounts payable Acredible No y able Total Cum Labs $500,000 Total Current Assos Not Fix ASS : Net plant and equipment (usumus duristiani) $2,100,000 Total Debt Cummin Euty Common slock Ratained ning Total Common Equily $3,000,000 Total bits and Equity 700,000 Total Ass $3,000,000 The firm is currently in the pro of forecasting sales, ass i eme and required funding for the coming year. In the year that just ended, Cold Duck Manufacturing Inc. Curabad $300.000 net income on sales of $14,000,000. The imp a sto in by 16 this coming year and also used to maintaini ng run dividend payout ratio of 35% Suppo Cold Duck Manufacturing Incassarely utilved, the additional funds need (AFN) equation to determine the case i s that is c ry to sport Cold Duck Manufacturing Inc. p edals Note: Domo d inmediate calculation) $400,000 $575,000 $400,000 - 5504,000 when a row, Grow po l y along with us. Spontan abilities a source of capital that the firm will be inally, so they reduce the forestal capital. How much of the total increase in ass will be pled by spontaneous liabilities for Cold Duck Manufacturing Inc. this year? Nobe: Do not round in d e calculations.) 75,000 564,000 $67,200 In addition, Cold Duck Manufacturing Inc. is acted to income this year. The will pay out of its warnings as dividends but will in this for future a n Again, the more afirm i nally from its operations, the will have to esternally from the capital mar . Assume that the firm's profit margin and dividend payout ratio are expected to main constant Give the preceding information Cold Duck Manufacturing Inc. is pead to andres from operations that will be added to retained in. (Note: Do not round inmediale calculat .) AFN According to the AFN a tion and project - Note: Do not round in for Cold Duck Manufacturing Inc., the firm e calculations.) d