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Help this is due in 20 minssssGerald Stanton, the CEO of the Stanton Group, is initiating planning for the companys operations next year, and he wants you to forecast the firms additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions. Last years sales (So-$350 Sales growth rate (g)-26% Last years total assets (Ao)-$480 Last years profit margin (PM)-4.1% Last years accounts payable $30 Last years notes payable$40 Last years accruals = $20 Target payout ratio 80% O $119.9 O $113.9 O $108.2 O $102.8 o $125.9

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Souton o CDollaro) van in milulon) As ven Laatyear tale, (se) = Sale rowth Rau (f) = $350 26). Latgocar Protit Mastn(pm)-4.1 % O RO.DY, Lastyear a Lungear Not, payable = 40 as at Payout Ratio -80% Next Hery Berjeates Sale. Laskyear sales (%) = $350 squ Net rerPwjeeted Sales(%) Change in Sales CAS) in Sales (AS)S-So A to Sale AS- $9I Ony Ph Aeoun Payable. aurd Acuurals are hcahd as Current r Spontane.ous abiMHea. NDai Pau^bk J> not cmilcdd Spontaneous LabtyALatyaaoR - 0.20 Additrra So (AFN) AFN $ 124.7939-șiR.99.99-43.6162 AFN $ 108.2 Additiral fund Needed $188.2

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