Question 26 of 40 Excel Corporation's sales are expected to increase from $5 million in 2018 to 56 million in 2019, or by 20%. Its assets totaled 83 million at the end of 2018. Excel is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2018, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 5%, and the forecasted dividend payout ratio is 30%. Use the AFN equation to forecast the additional funds Excel will need for the coming year, A. $360,000 B. $410,000 C. $270,000 D. $290,000 E. $310,000 Reset Selection Mark for Review What's This