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 operation at full capacity. Data for use in your forecast are shown below. Based on the APN equation, what is the APN for the coming year? Last year's sales - So $200,000 Last year's accounts payable 550,000 Sales growth rate 8 40% Last year's notes payable $15,000 Last year's total assets - A0* $117,500 Last year's accruals $20,000 Last year's profit margin-PM 20.0% Target payout ratio 25.0% Select the correct answer. a.-522,970 b. - $23,060 O C. - $23,000 d. - $23,030 e. - $23,090 Latin Menu