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ition 5 You have been asked to forecast the additional funds ncoded (AFN) for Houston, Hargrowe, & Worthington (HHW), which is planning its eperation for

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ition 5 You have been asked to forecast the additional funds ncoded (AFN) for Houston, Hargrowe, \& Worthington (HHW), which is planning its eperation for the coming year. The X firm is operating at full capacity. Data for use in the forecast are shown below. However, the CEO is concemed about the impact of a change in the payout ratio from the 20% that was used in the past 1040%, which the firm's investrient bankers have recommended. Based on the AFN equation, by how much would the AFN for the coming

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