0 Back to Assignment Attempts Keep the Highest / 1 17. Problem 12-01 (AFN Equation) look Problem Walk-Through AFN equation Broward Skateboard's sales are expected to increase by 25% Prom $8.6 million in 2019 to $10.75 million in 2020. Its assets totaled $4 million at the end of 2019 Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019. Current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax pront margin is forecasted to be 6%, and the forecasted payout ratio is 65%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of 61.2 million should be entered as $1,200,000. Do not round Intermediate calculations. Round your answer to the nearest dollar Grade It Now Save & Continue Continue without saving