A firm has the following balance sheet:

Cash$ 50Accounts payable$ 10

Accounts receivable70Notes payable60

Inventory80Long-term debt80

Fixed assets100Common stock120

Retained earnings30

Total liabilities

Total assets$300and equity$300

Sales for the year just ended were $400, and fixed assets were used at 80 percent of capacity, but its current assets were at optimal levels. Sales are expected to grow by 10 percent next year, the profit margin is 5 percent, and the dividend payout ratio is 60 percent.How much additional funds (AFN) will be needed?

(If the answer is $1.23, enter 1.23)