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A firm has the following balance sheet: Sales for the year just ended were $400, and fixed assets were used at 80 percent of capacity,

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A firm has the following balance sheet: Sales for the year just ended were $400, and fixed assets were used at 80 percent of capacity, but its current assets wereat optimal levels. Sales are expected to grow by 5 percent next year, the profit margin is 5 percent, and the dividend payout ratio is 60 percent. How much additional funds (AFN) will be needed? $4.6 $6.4 (Surplus) $2.4 $4.6 (Surplus) $0.8

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