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%

1) Based on the AFN equation, what is the AFN for the coming year?

2) Interpret the answer

3) If notes payable increase what is expected to happen to AFN?