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4 4 . Your firm recorded sales for the most recent year of $ 1 0 million generated from an asset base of $ 7

44. Your firm recorded sales for the most recent year of $10 million generated from an asset base of $7 million, producing a $500,000 net income. Sales are projected to grow at 20%, causing spontaneous liabilities to increase by $200,000. In the What is your firm's AFN?most recent year, $200,000 was paid out as dividends, and the current payout ratio will continue in the upcoming years.. $200,000(4 points)b. $600,000. $840,000d. $960,000

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