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Which of the following statements are true?A. An increase in inventory is a use of cash that may require ashort term financing arrangement, like a bank line of credit.B. Retained earnings are not a source of funding for capitalprojects.C. The Additional Funds Needed (AFN) amount is estimated basedon assumptions about the increase in total assets (increase inworking capital and capital investment) less the forecastedincreases in liabilities (vendor financing) and the amount ofcurrent earnings retained in business (not paid out asdividends).D. The Cash Conversion Cycle is impacted by management's policydecisions regarding credit terms for customers, optimal inventorylevels and relationships (credit) with suppliers/vendors.E. A, C and DF. All of the above.