Trump INC has the following key account balances as of Jan 1, 2017 (beg of year)
total assets $1million
accounts payable $60000
accured expenses $20,000
in addition net sales for 2017 are expected to be $2,080,000 which is an increase from 2016 $480,000 and Trump expects to pay out dividends at a payout ratio of 10%
Using the additional funds needed formula what is the AFN needed to fund the 2017 growth for Trump.