Question 1 ( 75 points) Chicago Consulting Company (CCC) is the superstar company of Illinois at this moment. In fact, it seems to gain a lot of popularity among Illinois businesspeople. In fact, three business firms founded two years ago ask for its services in order to examine the needs for external financing. More information is provided below. 1a. Compute the additional funds needs for each cllent by using the elaborate version of the AFN equation (note: assume that the variation in fixed assets equals 1% of the value of flxed assets). Which firms do not need external financing? 1b. One senior financial analyst of CCC agrees with the use of the elaborate version of the AFN equation in this context. What are the advantages of using the elaborate version of the AFN equation? Please explain. Question 1 ( 75 points) Chicago Consulting Company (CCC) is the superstar company of Illinois at this moment. In fact, it seems to gain a lot of popularity among Illinois businesspeople. In fact, three business firms founded two years ago ask for its services in order to examine the needs for external financing. More information is provided below. 1a. Compute the additional funds needs for each cllent by using the elaborate version of the AFN equation (note: assume that the variation in fixed assets equals 1% of the value of flxed assets). Which firms do not need external financing? 1b. One senior financial analyst of CCC agrees with the use of the elaborate version of the AFN equation in this context. What are the advantages of using the elaborate version of the AFN equation? Please explain