$(8)$ Question: Mo's AeroGarden sales are expected to increase by $15\%$ from $$8$ million in $2022$ to $$9\mathrm{.}2$ million in $2023.$ Its assets totaled $$7$ million at the end of $2022.$ Mo is already at full capacity, so its assets must gro... Mo's AeroGarden sales are expected to increase by $15\%$ from $$8$ million in $2022$ to $$9\mathrm{.}2$ million in $2023.$ Its assets totaled $$7$ million at the end of $2022.$ Mo is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of $2022,$ current liabilities were $$1\mathrm{.}4$ million, consisting of $$450,000$ of accounts payable, $$500,000$ of notes payable, and $$450,000$ of accruals. The after$-$tax profit margin is forecasted to be $6\%,$ and the forecasted payout ratio is $40\%.$ Use the AFN equation to forecast Mo's additional funds needed for the coming year.