Save Submit Test for Grad fo You have been asked to forecast the additional funds needed (AFN) for Houston, Hargrove, & Worthington (HHW), which is planning its operation for the coming year. The firm is operating at full capacity. Data for use in the forecast are shown below. However, the CEO is concerned about the impact of a change in the payout ratio from the 10% that was used in the past to 25%, which the firm's investment bankers have recommended. Based on the APN equation, by how much would the AFN for the coming year change if HHW increased the payout from 10% to the new and higher level? All dollurs are in millione, Last year's sales = So $300.0 Last year's accounts payable $50,0 Sales growth rate=g 40% Last year's notes payable $15.0 Last year's total assets = AD $500 Last year's accruals $20.0 20.0% Initial payout ratio 10.04 Last year's profit margin = PM Select the correct answer 000 6.592 $12.5 d. 3143 3100