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Cold Duck Manufacturing Inc. reported sales of $820,000 at the end of last year, but this year, sales are expected to grow by 6%. Cold

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Cold Duck Manufacturing Inc. reported sales of $820,000 at the end of last year, but this year, sales are expected to grow by 6%. Cold Duck expect to maintain its current profit margin of 24% and dividend payout ratio of 20%. The firm's total assets equaled $450,000 and were operated at Pull capacity, Cold Duck's balance sheet shows the following current liabilities: accounts payable of $75,000, notes payable of $35,000, and accrued Habilities of $70,000. Based on the AFN (Additional Funds Needed) equation, what is the firm's AFN for the coming year? -5170,874 $148,586 -$185,732 -$133,727 A negatively signed AEN value represents a shortage of internally generated funds that must be raised outside the company to finance the company's forecasted future growth. a surplus of internally generated funds that can be invested in physical or financial assets or paid out as additional dividends. a point at which the funds generated within the fiem equat the demands for funds to finance the firm's future expected sales requirements Because of its excess funds. Cold Duck Manufacturing Inc. is thinking about raising its dividend payout ratio to satisfy shareholders. Cold Duck could Day out of its earnings to shareholders without needing to raise any external capital. (Hint: What can Cold Duck increase its dividend payout ratio to before the AFN becomes positive

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