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? Current Assets may be considered negligible.

Last year's sales = S0	$169,000	Last year's accounts payable	$40,000
Sales growth (ΔS)	$47,000	Last year's notes payable	$10,000
Last year's total assets = A0*	$280,000	Last year's accruals	$10,000
Last year's profit margin = PM	0.02	Target payout ratio	0.4