Daniel Sawyer, the CEO of the Sawyer Group, is initiating planning for the company's operations next year, and to forecast the firm's additional funds needed $($AF$)$ The firm is operating at $50\%$ capacity. Data for use in yo shown below. What is the AFN for the coming year? Dollars are in millions.

Answer $ $$ M

Last year's sales $=$ $$250($

Last year's accounts payable

$$40$

ast year's Current Assets

$$400$ Last year's Fixed $$100$

Assets

ales growth rate

$30\%$

Last year's notes

payable

$$50$

st year's total assets $=$$$500,$ Last year's accruals $$30$

st year's profit margin $=10\%,$ Dividend payout ratio $40\%$