What is the afn for the coming year

Question

Problem:

Last year’s sales = So             $400,000       Last year’s accounts payable    $40,000
Sales growth rate = g                   30%        Last year’s notes payable         $20,000
Last year’s total assests = Ao   $140,000      Last year’s accruals                  $30,000
Last year’s profit margin = M        15.0%      Target payout ratio                     30.0%

Q1. Based on the AFN equation, what is the AFN for the coming year?

Q2. Interpret the answer

Q3. If notes payable increase what is expected to happen to AFN?