The Balance Sheet of Ever Green Ltd as on $31$ st March $2022$ is as

under$($Amount in Rs Lakhs$)-$ Refer image

Other Information is as under:

Sales for $2001-22$ were Rs $600$ Lakhs

For the year $2022-23,$ Sales are expected to increase by $20\%$

The Net Profit Margin $($ after taxes $)$ is expected to be $4\%$ and

Dividend Pay out is expected to be $50\%$

Projected Sales $2022-23=20\%$ more than current year $=600(1+20)\%=720$

$($A$)$ Fixed Assets $=600,$ Previous Year Sales, S $=600,$ Projected Sales $=720$

Increase in sales, Ds $+720-600=120,$ Net Profit Margin$($M$)=4\%(0\mathrm{.}04),$

Dividend Payout$($d$)-50\%(0\mathrm{.}50),$ Current Liabilities l $=200,$ Apply the formula :

AFN $=($A$-$L$)/$ S X Ds $-$ M $(1-$d$)$

Q: Estimate AFN $=?$