6. Problem 9-06 (Additional Funds Needed) Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2018 to $2,000 in 2019 . Here is the December 31, 2018, balance sheat: Booth's foced astets were used to only 50\% of capscity during 2018, but its current assets were at their proper levels in relation to sales. All assets except faed assets must increase at the same rate as sales, and fixed assets would alse have to increase at the same rate if the current excess capacty did not exist. Booth's after-tax proft margin is forecasted to be B\%h and its payout ratio to be 40%. What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar. 1 6. Problem 9-06 (Additional Funds Needed) Additional Funds Needed The Booth Company's sales are forecasted to double from $1,000 in 2018 to $2,000 in 2019 . Here is the December 31, 2018, balance sheat: Booth's foced astets were used to only 50\% of capscity during 2018, but its current assets were at their proper levels in relation to sales. All assets except faed assets must increase at the same rate as sales, and fixed assets would alse have to increase at the same rate if the current excess capacty did not exist. Booth's after-tax proft margin is forecasted to be B\%h and its payout ratio to be 40%. What is Booth's additional funds needed (AFN) for the coming year? Round your answer to the nearest dollar. 1