1. The AFN equation Bohemian Manufactuining Company has the following end-of- year balance sheet: The firm is currently in the process of forecasting sales, asset requerements, and required funding for the coming year. In the year that just ended. Bohemian Manufactunng Company generated $300,000 net income on sales of $14,500,000. The firm expects sales to increase by 15% this coming year and also expects to maintain its long-nan dividend payout ratio of 35%. Suppose Bohemsn Manufacturing Company's assets are fully utilized. Use the additional funds needed (AFN) equation to determine the increase in total assets that is necessary to support Bohemian Marutacturing Company's expected sales. Suppose Bohemian Manufacturing Comganys assets are fual vilized. Use the additional funds needed (ArN) equation to determine the increase in total assets that is necessary to support Bohemian Manufactunng Company's expected sales. $540,000 $450,000 5427,500 5382,500 Wher a firm grows; some hablities grow ipontaneously along with sales. Spontanecus hatilites are asource of capital that the firm will generate internally, se they reduce the need for extrinal capta: How much of the total increase in assets wat be supplied by spontaneous liabilies for Boheman Manufacturing Company this year? $72,000 357.000 $60,000 $51,000 In addaion, Fohemian Manulacturing Cornpary is expected to generate net income ths vear, the firm will Dav out some of its earrinas as dividends Civen the preceding information, Rohemian Manufacturing Coropary is expected to generate from coerations that wat be added to retained earnings. Accoiding to the AFN equation ard projectsons for Eohemin Munufacturing Company, the firms Ar N is