Columbia Industries is planning its operations for next year, and Merle Smith, the CEO, wants you to forecast the firm's additional funds needed (AFN).The firm is operating at full capacity.Data for use in your forecast are show below.Based on the AFN equation, what is the AFN for the coming year?Dollars are in millions.

Last year's sales = S₀$700Last year's accounts payable$80

Sales growth rate = g30%Last year's notes payable$100

Last year's total assets = A₀*$1000Last year's accruals$60

Last year's profit margin = PM5%Target payout ratio60%

$231.70

$235.40

$239.80

$242.10