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

Last year's sales = S₀

$403,000

Last year's accounts payable

$40,000

Sales growth (S)

$80,000

Last year's notes payable

$10,000

Last year's total assets = A₀*

$272,000

Last year's accruals

$10,000

Last year's profit margin = PM

0.05

Target payout ratio

0.0