Which of the following actions will best enable a company to raise additional equity capital? Refund long-term debt with lower cost short-term debt Begin an open-market purchase dividend reinvestment plan. Begin a new stock dividend reinvestment plan. Declare a stock split. Initiate a stock repurchase program. Which of the following assumptions is embodied in the AFN equation? Common stock and long-term debt are tied directly to sales. Accounts payable and accruals are tied directly to sales. Fixed assets, but not current assets, are tied directly to sales. Last year's total assets were not optimal for last year's sales. None of the firm's ratios will change