Several factors affect a firm's need for external funds. Evaluate the effect of each following factor and place a check next to each factor that is likely to increase a firm's need for external capital-that is, its AfN (additional funds needed). Check all that apply. Management has decided that the firm needs to keep more inventory on hand throughout the year The firm was planning on expanding its production facility, but its management recently decided that the expansion was not necessary, The firm decreoses its retention ratio, Green Moose Industries reported sales of $720,000 at the end of last year, but this year, sales are expected to grow by 7%. Green Moose expects to maintain its current profit margin of 23% and dividend payout ratio of 10%. The following information was taken from Green Moose's balance stheet: Based on the AFN equation, the firm's AFN for the current year is: A positively signed AFN value represents: A shortage of internally generated funds that must be raised outside the company to finance the company's forecasted future growth A surplus of internaliy generated funds that can be invested in physical or financial assets or paid out as additional dividends. A point at which the funds generated within the firm equal the demands for funds to firance the firm's future expected saies requirernents Because of lts excess funds, Green Moose Industries is thinking about raising its dividend poyout ratio to satisfy shareholders, Green Moose could pay out of its earnings to shareholders without needing to raise any external capital. (Hint: What can Green Moose increase its dividend