Data	Year 2013	Year 2014
Sales growth rate	20%
Sales		$400
COGS = Sales * 60%	0.6	$240
EBIT = Sales - COGS		$160
Interest = Debt * 10%	0.1	$24
EBT = EBIT - Interest		$136
TAXES = EBT * 35%	0.35	$47.60
Net Income = EBT - Taxes		$88.40
Dividends =Net Income*40%	0.4	$35.36
Addn to Retained Earnings = NI - Dividends		$53.04

Balance Sheet as of Dec 31,

	Year 2012	Year 2013
Curent Assets	$200
Net fixed Assets	$360
Total Assets	$560
Accounts Payable	$120
Long Term Debt	$240
Owner's Equity & Retained Earnings	$200
Tital Liability & OE	$560

Make a forecast and get the AFN. (Answer for AFN is $34.96) Can you show the steps of how to get these