2. The Additional Funds Needed (AFN) equation Green Moose Industries has the following end-of-year balance sheet: The firm is curremtly in the process of forecasting sales, asset requirements, and required funding for the coming year, in the year that just ended, Green Moose Industries generated $450,000 net income on sales of $13,000,000. The firm expects sales to increase by 16% thls coming year and also expects to maintain its long-run dividend payout ratio of 35\%h. Suppose Green Moose's assets are fully utilized. Using the additional funds needed (AFN) equation to determine the increase in total assets that is necessary to support a firm's expected sales, it is projected that Green Moope will require in additional assets. When a firm grows, some liabilities grow spontaneously along with sales. Spontaneous liabilities are a source of capital that the firm will generate internally, so they reduce the need for external capital. How much of the total increase in assets will be supplied by spontanecus liabilies for Green Moose this year? 56,000576,800557,600551,200 In addition, Green Moiose Industries is expected to generate net income this year, The firm will pay out some of its earnings as dividends but will retain the rest for foture asset inyestment. Again, the more a fim generates internally from its oberations, the less it will have to raise externaly from the capital markets. Assume that the firmi's prent margin and dividend payout ratio are expected to remain constant. Given the preceding information, Green Moose expects to generate earningt. (Hint: Round your answer to the nearest nhole dollan) According to the AFN equation and projections for Green Moose industries, the firm's AFN is