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In your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The

In your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Last year's sales = So Sales growth rate = g Last year's total assets = A0* Last year's profit margin = PM Select the correct answer. Oa. -$11,050 O b.-$11,100 Oc.-$11,000 Od. -$10,900 Oe. -$11,150 $200,000 Last year's accounts payable 40% Last year's notes payable $147,500 Last year's accruals 20.0% Target payout ratio $50,000 $15,000 $20,000 25.0%

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