please finished before 10pm

Question 2(a) CL Industries is planning its operations for 2021. Mr. Ronnie Clay, the CEO, wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Mr. Ronnie is expecting that sales will grow at 30% in 2021, while profit margin and payout ratio remain constant at 5% and 60% respectively. Based on the AFN equation, calculate the AFN for 2021. (12 marks) Financial Data for 2020 Sales $350 mil Accounts payable $40 mil Total Assets $500 mil Notes payable $50 mil Accruals $30 mil