Question: Question 2: Using the facts noted below: 1) determine whether AFN is positive or negative and by how much? And 2 and what would be

Question 2: Using the facts noted below: 1) determine whether AFN is positive or negative and by how much? And 2 and what would be the AFN if you just found out that you can also raise $25 million in common equity? (10 Marks) FACTS Millions Profit Margin 10.098 Old sales $ 200.00 Number of Shares 2,000,000 New sales $ 225.00 Div. per share $ 3.00 Old Total Assets $ 300.00 Tax rate 50.00% New Total Assets $ 375.00 $ 5.00 Spontaneous AP Spontaneous Accruals Jul 15.00 20100

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