ChangWu Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed (AFN) using data shown below. What is the additional funds needed (AFN) for the coming year?

Last yr's sales = S0 $200,000Last yr's accounts payable$50,000

Sales growth rate = g 40%Last yr's notes payable$15,000

Last yr's total assets = A*0 $162,500Last year's accruals$20,000

Last yr's profit margin = M20.0%Target payout ratio25.0%