Refer to Problem 12-1. Return to the assumption that the company had $5 million in assets at

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Refer to Problem 12-1. Return to the assumption that the company had $5 million in assets at the end of 2013, 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 12-1?
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Corporate Finance A Focused Approach

ISBN: 978-1133947530

5th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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