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? Last year's sales = So = $200,000 $50,000 Last year's accounts payable Last year's notes payable Last year's accruals 40% $15,000 $120,000 $120,000 Sales growth rate = g Last year's total assets = Ao* Last year's profit margin = PM 20.0% Target payout ratio 25.0% Select the correct answer. a. - $22,100 O b. - $22,150 O C. - $22,050 O d. - $22,000 e. - $21,950