joe has been askes to forecast the firm's additional fubds neeeded 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 thr afn for the coming year?

last years sales = So $200,000

sales growth rate = g 40%

last years total assets = Ao* 135,000

last years profit margin = pm 20%

last years accoubts payable 50,000

last tears notes payable 15,000

last years accruals $20,000

target payout ratio 25.0

answers:

-14,440

-15,200

-16,000

-16,800

-17,640