The Booth Company’s sales are forecasted to increase from $1,000 in 2007 to $2,000in 2008. Here is the December 31, 2007, balance sheet:Cash $ 100 Accounts payable $ 50Accounts receivable 200 Notes payable 150Inventories 200 Accruals 50Net fixed assets 500 Long-term debt 400Common stock 100Retained earnings 250Total assets $1,000 Total liabilities and equity $1,000Booth’s fixed assets were used to only 50% of capacity during 2007, but its currentassets were at their proper levels. All assets except fixed assets increase at thesame rate as sales, and fixed assets would also increase at the same rate if the currentexcess capacity did not exist. Booth’s after-tax profit margin is forecasted tobe 5%, and its payout ratio will be 60%. What is Booth’s additional funds needed(AFN) for the coming year?