Assume that you expect Costco's revenues to grow by 10% in 2020. Using total assets and total liabilities in your formula, what will be the AFN (additional funds needed) estimate for 2020? Their plowback ratio is 64%.

Liabilities: Payables and Accrued Expenses, Current Current Portion of Long Term Debt Deferred Liabilities, Current Other Current Liabilities Total Current Liabilities \begin{tabular}{|r|r|} \hline$15,288,000 & $16,035,000 \\ $0 & $1,699,000 \\ \hline$1,624,000 & $1,711,000 \\ \hline$3,014,000 & $3,792,000 \\ \hline$19,926,000 & $23,237,000 \\ \hline \end{tabular} Long Term Debt and Capital Lease Obligation Other Non-Current Liabilities Total Non-Current Liabilities Total Liabilities \begin{tabular}{|r|r|} $6,487,000 & $5,124,000 \\ \hline$1,314,000 & $1,455,000 \\ \hline$7,801,000 & $6,579,000 \\ \hline$27,727,000 & $29,816,000 \\ \hline \end{tabular} Shareholder Equity: Paid in Capital Retained Earnings \begin{tabular}{r|r|} \hline$6,111,000 & $6,421,000 \\ $7,887,000 & $10,258,000 \\ \hline$1,199,000 & $1,436,000 \\ \hline$304,000 & $341,000 \\ \hline$13,103,000 & $15,584,000 \\ \hline \end{tabular} Non-ControllinReserves/Accu \begin{tabular}{lrrr} Costco: Income Statement & \multicolumn{1}{c}{2018} & \multicolumn{1}{c}{2019} \\ \hline Total Revenue & $141,576,000 & $152,703,000 \\ \hline Cost of Goods and Services & $123,152,000 & $132,886,000 \\ \hline Gross Income & $18,424,000 & $19,817,000 \\ Selling, General and Administrative Expenses & $13,876,000 & $14,994,000 \\ \hline Other Operating Expense & $68,000 & $86,000 \\ \hline Earnings Before Interest and Tax & $4,480,000 & $4,737,000 \\ Interest Expense & $159,000 & $150,000 \\ Interest Income & $75,000 & $126,000 \\ \hline Net Investment Income & $23,000 & $27,000 \\ Other Income/Expense, Non-Operating & $23,000 & $25,000 \\ \hline Earnings Before Tax & $4,442,000 & $4,765,000 \\ \hline Provision for Income Tax & $1,263,000 & $1,061,000 \\ \hline Net Income from Continuing Operations & $3,179,000 & $3,704,000 \\ \hline \end{tabular}