Blue Elk Manufacturing reported sales of $743,000 at the end of last year, but this year, sales are expected to grow by 8%. Blue Elk expects to maintain its current profit margin of 24% and dividend payout ratio of 10%. The following information was taken from Blue Elk's balance sheet: Total assets: $475,000 Accounts payable: Notes payable: $75,000 $30,000 $60,000 Accrued liabilities: Based on the AFN equation, the firm's AFN for the current year is Because of its excess funds, Blue Elk Manufacturing is thinking about raising its dividend payout ratio to satisfy shareholders. Blue Elk could pay out of its earnings to shareholders without needing to raise any external capital. (Hint: What can Blue Elk increase its dividend payout ratio to before the AFN becomes positive?)