Question: The term additional funds needed ( AFN ) is generally defined as follows: a . The amount of internally generated cash in a given

The term "additional funds needed (AFN)" is generally defined as follows: a. The amount of internally generated cash in a given year minus the amount of cash needed to acquire the new assets needed to support growth. b. Funds that are obtained automatically from routine business transactions.c. Funds that a firm must raise externally from non-spontaneous sources, i.e., by borrowing or by seling new stoel, to support operators.d. A forecasting approach in which the forecasted percentage of sale

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