Problem 9-3 AFN Equation Broussard Skateboard's sales are expected to increase by 25% from $8.4 million in 2015 to $10.50 million in 2016, Its assets totaled $3 million at the end of 2015. Baxter is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2015, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin forecasted to be 4% Assume that the company pays no dividends. Under these assumptions, hat would be the additional nds needed for the ming year ont round intermediate calculations. Round your answer to the nearest dollar. Why is this AFN different from the one when the company pays dividends