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6. Columbia Industries is planning its operations for next year, and Merle Smith, the CEO, wants you to forecast the firm's additional funds needed (AFN).

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6. Columbia Industries is planning its operations for next year, and Merle Smith, the CEO, wants you to forecast the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are show below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions. Last year's sales- So Sales growth rate g Last year's total assets Ao $1000 Last year's accruals $60 Last year's profit margin-PM 5% Target payout ratio 60% S700 30% Last year's accounts payable Last year's notes payable $80 $100 A. $231.70 B. $235.40 C. $239.80 D. $242.10

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