Clayton Industries is planning its operations for next year, and Ronnie Clayton, the CEO, wants you to forecast the firm's additional funds needed (AFN) . The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year?
Definitions:
Gross National Income
The total domestic and foreign output claimed by residents of a country, including wages, salaries, and property income.
Gross Domestic Product
The sum value in currency or market terms of every finished product and service created within a country during a specified period.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, often measured by GDP growth.
Private Consumption
The spending on goods and services by households for their own use.
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