3. More on the AFN (Additional Funds Needed) equation

Green Caterpillar Garden Supplies Inc. reported sales of $775,000 at the end of last year, but this year, sales are expected to grow by 10%. Green Caterpillar expects to maintain its current profit margin of 21% and dividend payout ratio of 30%. The following information was taken from Green Caterpillars balance sheet:

Total assets:	$425,000
Accounts payable:	$80,000
Notes payable:	$35,000
Accrued liabilities:	$65,000

Based on the AFN equation, the firms AFN for the current year is ________________?