Clayton Industries is planning its operations for next year. The CFO wants you to forecast the firm's discretionary funds needed (DFN). Data for use in your forecast are shown below. Based on the DFN equation, and assuming all assets are being used at maximum capacity, what is the DFN for next year? Dollars are in millions.

Last year's sales (S0)	$350		Last year's accounts payable	$40
Sales growth rate (g)	30%		Last year's notes payable	$50
Last year's total assets (A0)	$360		Last year's accruals	$30
Last year's profit margin	5%		Dividend payout ratio	60%

Group of answer choices

a. $67.0

b. $78.7

c. $63.9

d. $77.9

e. $91.0