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XYZ Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed (AFN). Data for use

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XYZ Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Last year's sales Sales growth rate Last year's total assets- Last year's profit margin- $200,000 Last year's accounts payable 40% $127,500 Last year's accruals 20.0% $50,000 $15,000 $20,000 25.0% Last year's notes payable- Target payout ratio- $14,820 $23,180 $19,000 $21,280

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