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$0$ $$200,000$ Last year's accounts payable $$50,000$

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

Last year's total assets $=$ A$0$ $$127,500$ Last year's accruals $$20,000$

Last year's profit margin $=$ PM $20\mathrm{.}0\%$ Target payout ratio $25\mathrm{.}0\%$

a$.-$$$11,000$

b$.-$$$25,000$

c$.-$$$19,000$

d$.-$$$7,000$

e$.-$$$25,571$