Click here to read the eBook: The AFN Equation AFN EQUATION oayable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 3%. a. Assume that the company pays no dividends. 5,000,000. Round your answer to the nearest cent. ? b. Why is this AFN different from the one when the company pays dividends? I. Under this scenario the company would have a lower level of retained earnings, which would decrease the amount of additional funds needed. II. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of additional funds needed. III. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of assets needed. IV. Under this scenario the company would have a higher level of spontaneous liabilities, which would reduce the amount of additional funds needed. V. Under this scenario the company would have a lower level of retained earnings, which would increase the amount of additional funds needed