Refer to Problem 9-1. Return to the assumption that the company had $5 million in assets at

Question:

Refer to Problem 9-1. Return to the assumption that the company had $5 million in assets at the end of 2012, but now assume that the company pays no dividends. Under these assumptions, what would be the additional funds needed for the coming year? Why is this AFN different from the one you found in Problem 9-1?