Hudsons Bay expects sales to grow to $7,423,223 in Year 3. Use the financial statements below to calculate the additional funds needed (AFN) to support that growth. (Assume that goodwill and long-term debt will not grow in Year 3 and that Hudsons Bay wont pay dividends.

Hudson's Bay Company Income Statement and Balance Sheet As of December 31, Year 2 ($ 000s)
	Year 2
Revenue	7,069,736
Cost of Goods Sold	3,982,323
SG&A	2,767,377
Depreciation Expense	190,669
EBIT	129,367
Interest Expense	45,681
Earnings Before Taxes	83,686
Income Taxes	23,948
Net Income	59,738
ASSETS	Year 2
Total Current Assets	2,287,320
Property, Plant, and Equipment, Net	1,049,505
Goodwill and Intangibles	671,996
Total Assets	4,008,821
LIABILITIES & STOCKHOLDERS' EQUITY
Total Current Liabilities	1,099,445
Long-Term Debt	608,712
Total Liabilities	1,708,157
Stockholders' Equity
Common Stock	1,482,444
Retained Earnings	718,220
Total Stockholders' Equity	2,200,664
Total Liabilities & Stockholders' Equity	4,008,821

Responses

$18,709

$49,144

$52,308

-$24,250