Problem Walk-Through AFN EQUATION Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. Its assets totaled 54 million at the end of 2016. Carlsbad is a full capacity, so grow in proportion to projected sales. At the end of 2016, current abilities are $1 million consisting of $250,000 of accounts payable, $500.000 of neces payable, and $250,000 of acord profit margin is forecasted to be 7%, and the forecasted retention ratio is 30%. Use the APN equation to forecast the additional funds Carlsbad will need for the coming year. W e out your completely. For example, 5 milion should be entered as 5,000,000. Round your answer to the nearest cent. must e s & LO MacBook Pro