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MMC Industries is planning its operations for next year, and the CEO has hired you to forecast the firm's additional funds needed (AFN). The firm

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MMC Industries is planning its operations for next year, and the CEO has hired you to forecast the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. What is the AFN for the coming year? Last year's sales = $600m Last year's debt-$119m Last year's equity - $119m Sales growth rate = 2% Last year's total assets = $1000m Last year's profit margin-3% Target dividend payout ratio = 50% W O A. 1.89m OB.2.15m C. 1.64m OD. 1.36m

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