Chua Chang & Wu Inc. is planning its operations for next year, and the CEO wants you to forecast the firm's additional funds needed $($AFN$).$ Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year?

Last year's sales $=$ S$0$ $$210,000$ Last year's accounts payable $$35,000$

Sales growth rate $=$ g $20\%$ Last year's notes payable $$30,000$

Last year's total assets $=$ A$0$ $$144,500$ Last year's accruals $$25,000$

Last year's profit margin $=$ PM $20\mathrm{.}0\%$ Target payout ratio $30\mathrm{.}0\%$

a$.-$$$18,380$

b$.-$$$12,500$

c$.-$$$21,197$

d$.-$$$24,380$

e$.-$$$13,380$