Broussard Skateboard’s sales are expected to increase by 15% from $8 million in 2021 to $9.2 million in 2022. Its operating assets were $5 million at the end of 2021. Broussard is already at full capacity, so its operating assets must grow at the same rate as projected sales. At the end of 2021, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. Use the AFN equation to forecast Broussard’s additional funds needed for the coming year.