Problem Set 2 X Back to Assignment Attempts I I Keep the HighesH' 'l 17. Problem 12-01 (AFN Equation) L.J El AFN equation Broussard Skateboard's sales are expected to increase by 15% from $5.4 million in 201.9 to $9.66 million in 2020. Its assets totaled $4 million at the end oiC 2019. Broussard is already at full capacity, so its assets r'nust grow at the same rate as projected sales. At the end of 2019, current liabilities were 51.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The aftertax prot margin is forecasted to be 4%, and the forecasted payout ratio is 70%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar. $ Grade it Now Save 3. Continue Continue without saving