answer to the nearest dollar. $ b. Why is this AFN different from the one when the company pays dividends? I. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of assets needed. II. Under this scenario the company would have a higher level of spontaneous liabilities, which would reduce the amount of additional funds III. Under this scenario the company would have a lower level of retained earnings, which would increase the amount of additional funds needed. IV. Under this scenario the company would have a lower level of retained earnings, which would decrease the amount of additional funds needed. V. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of additional funds needed