In your internship with Johnny Come Lately Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The firm is operating at full capacity. Data for use in your forecast are shown below. The assets and spontaneous liabilities are expected to grow at the same rate as sales. What is the AFN for the coming year?

Last years sales	$271,676	Last year's Accounts Payable	$58,633
Sales growth rate	29%	Last years Notes Payable	$48,457
Last year's Total Assets	$259,089	Last year's Accruals	$14,414
last year's Net Profit Margin	8%	Dividend Pay out ratio	45%