Bohemian Manufacturing Company reported sales of $890,000 at the end of last year; but this year, sales are expected to grow by 7\%. Bohemian expects to maintain its curtent profit margin of 23% and dividend payout ratio of 15%. The firm's total assets equaled $400,000 and were operated at fult capacity, Bohemian's balance sheet shows the following current liabilities: accounts payable of $70,000, notes paryable of $25,000, and accrued lablities of $75,000. Based on the AFN (Additional funds Needed) equation, what is the firm's AFN for the coming vear? $159,909$168,325$151,492$210,406 A negatively-signed AFN value represents: A shortage of internally generated funds that must be rased eutside the company to finance the companys forecasted future growth. A surplus of internally generated funds that can be invested in physicat or financial astets or pald out as additionat dividends. A point at which the funds generated within the firm equal the demands for funds to finance the firm's future expected sales requirements. Betouse of its excess funds, Bohemian is thinking about raising its dividend paycut ratio to satisfy shareholders. What percentage of its earnings can Bohemian pay to shareholders without needing to raise any external capital? (Hint: What can Bohemian increase its dividend payout ratio to before the AFN becomes positive?) 78,1% 68.9% 91.9% 73.5%