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In: Accounting Period VariablesCurrentProjectedCurrentProjectedCurrentProjectedSales$100,000$12 Period VariablesCurrentProjectedCurrentProjectedCurrentProjectedSales$100,000$120,000AssetsLiab.&Own -ers’ Equ.Cost$ 75,000Short Term$60,000Debt$40,000Net IncomeLong Term$20,000Equity$40,000As we said in class all models are built on assumptions:1 Dividend payout ratio is 50%therefore, the retention rate is the remainder2 All assets and noninterestbearing liabilities vary is the same proportion as sales3 Use the following equationto find the additional funding needed (AFN):.REQUIRED:Find the AFN using the model equationabove2 Fill in the blanks inthe table above.3. Write a paragraph on findingsor conclusion after your perform the algorithmicmodelling