Balance Sheet as of December $31,2023$

Consider MicroDrive inc. under the following circumstances. The firm reported the balance

sheet above. Sales were $$750$M in $2023,$ and the firm plans to increase sales by $12\%$ in $2024.$

The firm's profit margin is $8\%,$ and it pays out $20\%$ of its net income in dividends. a$)$ Calculate

the firm's additional funds needed $($AFN$)$ for the next year. b$)$ Compute the firms' sustainable

growth rate.