Your company has the following balance sheet and income statement information for the most recent fiscal year. Determine the AFN projected for the upcoming fiscal year. Capacity is not an issue, the dividend payout rate is unchanged, and revenues are expected to grow at 10%.

Balance sheet:

Cash$20

A/R1,000Inventories5,000

Total C.A.$6,020

Net Fixed Assets2,980

Total Assets$9,000

A/P$1,000

S/T N\P1,000

L/T Deb$ 2,000

Equity5,000

Total L&OE$9,000

Income statement:

Sales$10,000

Cost of goods sold9,200

EBIT$800

Interest400

EBT$400

Taxes160

Net Income$240

Dividends96

Addtds to RE144