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7. A firm has the following balance sheet: Sales for the year just ended were $400, and fixed assets were used at 100 percent of

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7. A firm has the following balance sheet: Sales for the year just ended were $400, and fixed assets were used at 100 percent of capacity. Sales are expected to grow by 30 percent next year, the profit margin is 4 percent, and the dividend payout ratio is 60 percent. How much additional funds (AFN) will be needed?(3 points)

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