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Cash $50 Accounts receivable $60 inventory $80 Fixed Assets $100 Total Assets $290 Accounts payable $10 Notes payable $50 L-T Debt $80 Common Stock 120
Cash $50
Accounts receivable $60
inventory $80
Fixed Assets $100
Total Assets $290
Accounts payable $10
Notes payable $50
L-T Debt $80
Common Stock 120
Retained earnings $30
Total Liabilities and Equity $290
Sales for the year just ended $800 and fixed assests were used at 80% of capacity, but its current assets were at optimal levels. Sales are expected to grow 30% next year, the profit margin is 5%, and the dividend payout is 50%. How much AFN will be needed?
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