Capstan Transport, Inc. reported sales of $ 900,000 for last year and is expecting sales to grow at a rate of 8% next year. The company expects to have a profit margin of 10% next year and a payout ratio of 40%. The firm is operating at full capacity and reported total assets of $1,000,000 at the end of last year. That year-end balance sheet reports $18,000 of accounts payable, accrued expenses of $25,000, and $32,000 of notes payable. Using the AFN formula, calculate the firm's required additional external funding to support next year's operation. What is this amount? Select one: a. $ 18,240 b. $ 31,080 c. $ 12,600 d. $ 27,240 e. $ 17,200