Clayton Industries is planning its operations for next year. Ronnie Clayton, 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? Dollars are in millions So - $350

Last yr's accounts payable $40 Sales growth rate-g 30%

Last yr's notes payable

50 Last year's total assets - $360

Last yr's accruals 30

Target payout ratio 60% Last year's prof margin- PM 5% O $78.7 O $63.9 $77.9 O $91.1 O $67.0