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$0$ $$233,000$ Last year's accounts payable $$60,000$

Sales growth rate $=$ g $40\%$ Last year's notes payable $$20,000$

Last year's total assets $=$ A$0$ $$123,500$ Last year's accruals $$20,000$

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

a$.-$$$36,268$

b$.-$$$33,239$

c$.-$$$15,220$

d$.-$$$28,268$

e$.-$$$20,268$