${?}_{\text{C}\text{o}\text{l}\text{d}\text{D}\text{u}\text{c}\text{k}\text{M}\text{a}\text{n}\text{u}\text{f}\text{a}\text{c}\text{t}\text{u}\text{r}\text{i}\text{n}\text{g}\text{I}\text{n}\text{c}\text{.}\text{r}\text{e}\text{p}\text{o}\text{r}\text{t}\text{e}\text{d}\text{s}\text{a}\text{l}\text{e}\text{s}of\text{\$}820,000at\text{t}\text{h}\text{e}\text{e}\text{n}\text{d}of\text{l}\text{a}\text{s}\text{t}\text{y}\text{e}\text{a}\text{r}\text{,}\text{b}\text{u}\text{t}\text{t}\text{h}\text{i}\text{s}\text{y}\text{e}\text{a}\text{r}\text{,}\text{s}\text{a}\text{l}\text{e}\text{s}\text{a}\text{r}\text{e}\text{e}\text{x}\text{p}\text{e}\text{c}\text{t}\text{e}\text{d}to\text{g}\text{r}\text{o}\text{w}by9\%.\text{C}\text{o}\text{l}\text{d}\text{D}\text{u}\text{c}\text{k}\text{e}\text{x}\text{p}\text{e}\text{c}\text{t}\text{s}to\text{m}\text{a}\text{i}\text{n}\text{t}\text{a}\text{i}\text{n}\text{i}\text{t}\text{s}\text{c}\text{u}\text{r}\text{r}\text{e}\text{n}\text{t}\text{p}\text{r}\text{o}\text{f}\text{i}\text{t}\text{m}\text{a}\text{r}\text{g}\text{i}\text{n}of24\%\text{a}\text{n}\text{d}\text{d}\text{i}\text{v}\text{i}\text{d}\text{e}\text{n}\text{d}\text{p}\text{a}\text{y}\text{o}\text{u}\text{t}\text{r}\text{a}\text{t}\text{i}\text{o}of30\%.\text{T}\text{h}\text{e}\text{f}\text{o}\text{l}\text{l}\text{o}\text{w}\text{i}\text{n}\text{g}\text{i}\text{n}\text{f}\text{o}\text{r}\text{m}\text{a}\text{t}\text{i}\text{o}\text{n}\text{w}\text{a}\text{s}\text{t}\text{a}\text{k}\text{e}\text{n}\text{f}\text{r}\text{o}\text{m}\text{C}\text{o}\text{l}\text{d}\text{D}\text{u}\text{c}\text{k}\text{'}\text{s}\text{b}\text{a}\text{l}\text{a}\text{n}\text{c}\text{e}\text{s}\text{h}\text{e}\text{e}\text{t}\text{:}\text{T}\text{o}\text{t}\text{a}\text{l}\text{a}\text{s}\text{s}\text{e}\text{t}\text{s}\text{:}\text{\$}450,000\text{A}\text{c}\text{c}\text{o}\text{u}\text{n}\text{t}\text{s}\text{p}\text{a}\text{y}\text{a}\text{b}\text{l}\text{e}\text{:}\text{\$}80,000\text{N}\text{o}\text{t}\text{e}\text{s}\text{p}\text{a}\text{y}\text{a}\text{b}\text{l}\text{e}\text{:}\text{\$}45,000\text{A}\text{c}\text{c}\text{r}\text{u}\text{e}\text{d}\text{l}\text{i}\text{a}\text{b}\text{i}\text{l}\text{i}\text{t}\text{i}\text{e}\text{s}\text{:}\text{\$}75,000\text{B}\text{a}\text{s}\text{e}\text{d}on\text{t}\text{h}\text{e}\text{A}\text{F}\text{N}\text{e}\text{q}\text{u}\text{a}\text{t}\text{i}\text{o}\text{n}\text{,}\text{t}\text{h}\text{e}\text{f}\text{i}\text{r}\text{m}\text{'}\text{s}\text{A}\text{F}\text{N}\text{f}\text{o}\text{r}\text{t}\text{h}\text{e}\text{c}\text{u}\text{r}\text{r}\text{e}\text{n}\text{t}\text{y}\text{e}\text{a}\text{r}is}=$$$123,608$A positively signed AFN value represents: a shortage $of$ internally generated funds that must $be$ raised outside the company $to$ finance the company's forecasted future growth. a point $at$ which the funds generated within the firm equal the demands for funds $to$ finance the firm's future expected sales requirements.a surplus $of$ internally generated funds that can $be$ invested $in$ physical $or$ financial assets $or$ paid out $as$ additional dividends.Because $of$ its excess funds, Cold Duck Manufacturing Inc. $is$ thinking about raising its dividend payout ratio $to$ satisfy shareholders. Cold Duck could pay outof its earnings $to$ shareholders without needing $to$ raise any external capital. $(Hint$: What can Cold Duck increase its dividendpayout ratio $to$ before the AFN becomes positive?$)$