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Green Moose Industries reported sales of $72D,ODD at the end oflast year, but this year, sales are expected to grow by g%. Green Moose expects

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Green Moose Industries reported sales of $72D,ODD at the end oflast year, but this year, sales are expected to grow by g%. Green Moose expects to aintain its current profit margin of 20% and dividend payout ratio of 15%. The ollowing information was taken from Green Moose's balance sheet: Total assets: Accounts payable: Nobes payable: Accrued liabilities: $450,000 $65,0DD $25,000 $70,00D Based on the AFN equation, the firm's AFN for the current year is 115,573 -$94,559 -$110,319 -$105,066 A pasitively signed AFN value represents: O O A point at which the funds generated within the firm equal the demands for funds to finance the firm's future O A shortage of internally generated funds that must be raised outside the company to finance the company's A surplus of internally generated funds that can be invested in physical or financial assets or paid out as additional dividends expected sales requirements forecasted future growth Because of its excess funds, Green Moose Industries is thinking about raising its dividend payout ratio to satisfy shareholders. Green Moose could pay out extemal capital. (Hint: What can Green Moose increase its dividend payout ratio to before the AFN becomes positive?) of its eamings to shareholders without needing to raise any

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