What is the afn for the coming year

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ABC is planning its operations for next year, and wants to forecast the firm's additional funds needed (AFN). Data for use in the forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions.

Last year's sales = S0 $450 Last year's accounts payable $45

Sales growth rate = g 25% Last year's notes payable $55

Last year's total assets = A*0 $500 Last year's accruals $35

Last year's profit margin = M 5% Target payout ratio 50%

Reference no: EM132715351

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