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A firm has $600,000 in assets and is operating at full capacity. The firm has current liabilities consisting of $200,000 of accounts payable, $50,000 of

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A firm has $600,000 in assets and is operating at full capacity. The firm has current liabilities consisting of $200,000 of accounts payable, $50,000 of wages payable, and notes payable of $125,000. If the firm's sales last year were $800,000 and they are expected to grow by 9% next year, what how much will the assets be expected to increase based upon the AFN equation? Assume that the firm paid dividends of $4.00 per share from earnings of $8.00 per share last year, and that the firm expects to have a profit margin of 11% next year. $47,960.00 $54,000.00 $22,500.00 $48,840.00 $66,000.00

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