Question 8 5 points Save Answer Charles Smith, the CEO of the Smith Group, is initiating planning for the company's operations next year, and he wants you to forecast the firm's additional funds needed (AFN). The firm is operating at full capacity. 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- So Sales growth rate Last year's total assets Ao Last years profit margin PM S350 Last years accounts payable 30% Last year's notes payable $500 Last years accruals $40 $50 $30 50% 496 Target payout ratio