Question: please show work or formulas in excel 5. (5points) TOFE'S CEO is planning its business operations for the next year and hired you to forecast

please show work or formulas in excel

5. (5points) TOFE'S CEO is planning its business operations for the next year and hired you to forecast the company's additional funds needed (AFN). The firm is operating at full capacity. Data provided to you are shown below. What is the AFN for the coming year? Last year's sales =$800m Last year's accounts payable =$200m (This account changes spontaneously with sales) Sales growth rate =4% Last year's total assets =$2000m (Total assets change spontaneously with sales) Last year's profit margin =6% Target dividend payout ratio =30%

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