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In your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The

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In your internship with Lewis, Lee, & Taylor 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. Based on the AFN equation, what is the AFN for the coming year? $200,000 $50,000 40% Last year's sales = so Sales growth rate = g Last year's total assets = Ao* Last year's profit margin = PM Last year's accounts payable Last year's notes payable Last year's accruals Target payout ratio $15,000 $20,000 $137,500 20.0% 25.0% Select the correct answer. a. - $15,100 O b. - $15,050 O C. - $14,950 O d. - $14,900 e. - $15,000

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