Bohemian Manufacturing Company reported sales of $720,000 at the end of last year, but this year, sales are expected to grow by 9%. Bohemian expects to maintain its current profit marin of 21% and dividend payout ratio of 10%.
The following informations was taken from Bohemian's balance sheet
Total assets: $425,000
Accounts Payable: $60,000
Notes Payable: $ 45,000
Accrued Liabilities: $60,000
Based on the AFN equation, the firm's AFN for the current year is ______________
a) $120,877,
b) $132,965
c) $157,140
d) $114,833