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8. internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's In your is operating at full capacity. Data for
8. internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's In your is operating at full capacity. Data for use 2 additional funds needed (AFN) for next year. The firm coming in your forecast are shown below. Based on the AFN equation, what is the AFN for the Last year's accounts payable $50,000 $200,000 Last year's sales so 40% Last year's notes payable $15,000 Sales growth rate $140,000 Last year's accruals $20,000 Last year's total assets Ao* 20.0% Target payout ratio 25.0% Last year's profit margin PM a. -$14,000 b. -$15,200 c. -$16,000 d. -$16,800 e. $17,640
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