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. $350 $40 Last year's sales = So Sales growth rate = g Last year's total assets = Ao 30% Last yr's accounts payable Last yr's notes payable Last yr's accruals $50 $360 $30 Last year's prof margin PM Target payout ratio 5% 60% a. $77.9 b. $78.7 c. $67.0 d. $63.9 e. $9