You have been asked to forecast Orwell's additional funds needed (AFN) for next year. Assuming the firm is operating at only 50% of capacity and using the data in the table below, forecast Orwell's AFN for the coming year?

Last year's sales = S0 $170,000 Last year's accounts payable $40,000 Sales growth (S) $9,000 Last year's notes payable $10,000 Last year's total assets = A0* $297,000 Last year's accruals $10,000 Last year's profit margin = PM 0.07 Target payout ratio 0