Additional Funds Needed

The Booth Company's sales are forecasted to double from $$1,000$ in $2018$ to $$2,000$ in $2019.$ Here is the December $31,2018,$ balance sheet:

Booth's fixed assets were used to only $50\%$ of capacity during $2018,$ but its current assets were at their proper levels in relation to sales. All assets except fixed assets must increase at the same rate as sales, and fixed

assets would also have to increase at the same rate if the current excess capacity did not exist. Booth's after$-$tax profit margin is forecasted to be $4\%$ and its payout ratio to be $55\%.$ What is Booth's additional funds

needed $($AFN$)$ for the coming year? Round your answer to the nearest dollar.

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