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Which one of the following statements is INCORRECT? a. A higher sale forecast will increase AFN b. A lower dividend forecast will decrease AFN. c.

Which one of the following statements is INCORRECT?

a.

A higher sale forecast will increase AFN

b.

A lower dividend forecast will decrease AFN.

c.

AFN will increase in a firm that has a higher capital intensity ratio.

d.

Cash receipt from a customer in 45 days instead of 65 days would decrease AFN.

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