ABC is planning its operations for next year, and wants to forecast the firm's additional funds needed (AFN). Data for use in the forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions.

Last years sales = S₀ $700 Last years accounts payable $45

Sales growth rate = g 18% Last years notes payable $55

Last years total assets = A^*₀ $500 Last years accruals $35

Last years profit margin = M 5% Target payout ratio 50%