Your firm recorded sales for the most recent year of $$10$ million generated from an asset base of $$7$ million, producing a $$500,000$ net income. Sales are projected to grow at $20\%,$ causing spontaneous liabilities to increase by $$200,000($i$.$e$.,$ spontaneously generated funds $=$ $$200,000.)$ In the most recent year, $$200,000$ was paid out as dividends, and the current payout ratio will continue in the upcoming years. What is your firm's AFN? $($Hint: Retention Rate $=1-$ Payout ratio. Payout ratio $=$ dividends$/$net income$).$

$$960,000$

$$200,000$

$$600,000$

$$840,000$