n 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	$223,118	Last year's Accounts Payable	$58,471
Sales growth rate	23%	Last years Notes Payable	$37,942
Last year's Total Assets	$280,576	Last year's Accruals	$19,446
last year's Net Profit Margin	9%	Dividend Pay out ratio	40%