Clayton Industries is planning its operations for next year. Ronnie Clayton, the CEO, wants you to forecast the firm's a

[answerhappygod]

Clayton Industries is planning its operations for next year.Ronnie Clayton, the CEO, wants you to forecast the firm'sadditional funds needed (AFN). Data for use in your forecast areshown below. Based on the AFN equation, what is the AFN for thecoming year? Dollars are in millions. (Show allcalculations for full credit.)
Last year's sales = S 0
$350
Last yr's accounts payable
$40
Sales growth rate = g
30%
Last yr's notes payable
$50
Last year's total assets =A0 *
$570
Last yr's accruals
$30
Last year's prof margin = PM
5%
Target payout ratio
60%