Bohemian Manufacturing Company reported sales of $820,000 at the end of last year; but this year, sales are expected to grow by 8%. Bohemianexpects to maintain its current profit margin of 22% and dividend payout ratio of 25%. The firm's total assets equalled $425,000 and were operated at full capacity. Bohemian's balance sheet shows the following current liabilities: accounts payable of $65,000, notes payable of $30,000, and accrued liabilities of $65,000. Based on the AFN (Additional Funds Needed) equation, what is the firm's AFN for the coming year?
a. -$116,398
b. -$153,155
c. -$110,272
d. -$122,524
