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Cold Duck Manufacturing Inc, reported sales of $890,000 at the end of last year; but this year, sales are expected to grow by 10%. Cold

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Cold Duck Manufacturing Inc, reported sales of $890,000 at the end of last year; but this year, sales are expected to grow by 10%. Cold Duck expects to maintain its current profit margin of 23% and dividend payout ratio of 20%. The firm's total assets equaied $500,000 and were operated at full capacity, Cold Duck's balance sheet shows the following current llabilities: accounts payable of $65,000, notes payable of $30,000, and accrued liabilities of $60,000. Based on the AFN (Additional Funds Needed) equation, what is the firm's AFN for the coming year? $164,031 $185,427 $142,636 5171,163 Because of its excess funds, Cold Duck Manufacturing Inc. is thinking about raising its dividend payout ratio to satisfy shareholders. Cold Duck could pay out of lits 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 postive

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