A firm has the following balance sheet:
Cash $20 Accounts payable $20
Accounts receivable $20 Notes payable $40
Inventory $20 Long term debt $80
Fixed assets $180 Common Stock $80
Retained earnings $20
Total assets $240
Total liabilities & Equity $240
Sales for the year just ended were $400, fixed assets were used a 80 percent of capacity. Current assets and accounts payable vary directly with sales. Sales are expected to grow by 5 percent next year, the expected net profit margin is 5 percent, and the dividend payout ratio is 60 percent.
How much additional funds (AFN) will be needed next year, if any?