Blue Elk Manufacturing has the following end-of-year balance sheet: The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Blue Elk Manufacturing generated $500,000 net income on sales of $14, 500,000. The firm expects sales to increase by 18% this coming year and also expects to maintain its long-run dividend payout ratio of 45%. Suppose Blue Elk Manufacturing's assets are fully utilized. Use the additional funds needed (AFN) equation to determine the increase in total assets that Is necessary to support Blue Elk Manufacturing's expected sales. $486,000 $621,000 $648,000 $S40,000 then a firm grows, some liabilities grow spontaneously along with sales. Spontaneous liabilities are a source of petal that the firm will generate internally, so they reduce the need for external capital. How much of the total crease in assets will be supplied by spontaneous liabilities for Blue Elk Manufacturing this year? $82, 800 $72,000 $68, 400 $75, 600 addition, Blue Elk Manufacturing is expected to generate net income this year. The firm will pay out some of its minds as dividends but will retain the rest for future asset investment. Again, the more a firm generates internally its operations, the less it win have to raise externally from the capital markets. Assume that the firm's profit and dividend payout ratio are expected to remain constant. given the preceding information, Blue Elk Manufacturing is expected to generate $_from operations at will be added to retained earnings. cording to the AFN equation and projections for Blue Elk Manufacturing, the firm's AFN is $