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AFN i. Clayto (AFN). The firm is operating at full capacity. Data for use in your forecast a hown below. Based on the AFN equation,

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AFN i. Clayto (AFN). The firm is operating at full capacity. Data for use in your forecast a hown below. Based on the AFN equation, what is the AFN for the coming Clayton Industries is planning its operations for next year, and Ronnice n, the CEO, wants you to forecast the firm's additional funds needed year? Dollars are in millions. Last year's sales So Sales growth rate g Last year's total assets Ao $500 $350 30% Last year's accounts payable $40 Last year's notes payable $50 Last year's accruals Target payout ratio Last year's profit margin-PM 5% $30 60%

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