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A company has $1 million in sales last year, $1.5 million in sales this year, and projected net income of $250,000. It has $5 million

A company has $1 million in sales last year, $1.5 million in sales this year, and projected net income of $250,000. It has $5 million of its assets tied to sales, $3 million in sale affected liabilities, and a retention ratio of 0.3. What is its AFN?

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