Question: Please show computations in with Excel formulas : Please show computations in with Excel formulas. Stellar Studios Inc. is planning its operations for next year.

Please show computations in with Excel formulas:

Please show computations in with Excel formulas: Please show computations in with

Please show computations in with Excel formulas.

Stellar Studios Inc. is planning its operations for next year. Jamie Stellar, the CEO wants you to forecast the firm's additional funds needed (AFN). Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions. Last year's sales (S0) = $625 Last year's accounts payable = $55 Sales growth rate (g) = 20% Last year's notes payable = $60 Last year's total assets (A0*) = $700 Last year's accruals = $45 Last year's profit margin (M)= 8% Target payout ratio = 65% Round your final answer to the nearest whole number (in millions)

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