3. More on the AFN (Additional Funds Needed) equation Blue Elk Manufacturing reported sales of $820,000 at the end of last year, but this year, sales are expected to grow by 6%. Blue Elk expects to maintain its current profit margin of 23% and dividend payout ratio of 25%. The following information was taken from Blue Elk's balance sheet: Total assets: $500,000 Accounts payable: $70,000 Notes payable: $40,000 Accrued liabilities: $70,000 Based on the AFN equation, the firm's AFN for the current year is