BA350 Financial Management: 14-3 (AFN Formula) Refer to Problem 14-1. Return to the assumption

BA350 Financial Management
14-3 AFN Formula Refer to Problem 14-1.
Return to the assumption that the company had $3 million in assets at the end of 2007, 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 14-1?
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