1. Problemi 16.01 Click here tead the book. The An Equation Problem Walk Through ATN EQUATION Carlsbad Corporation's sales are txpected to increase from $5 million in 2016 to 56 milion in 2017, ob 20%totaled 54 million at the end of 2016. Carlstad capacity, assets must grow in roportion to projected sales. At the end of 2016, current tables are 5 milion, consisting of $250,000 of accounts payable, 5500,000 of notes ayable, and $250,000/ fibilities. Its profit marginis forected to be, and the forecasted retention to 45%. Use the AFN ion to forecast the additional funds Carlsbad will need for the coming year Wout your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearestent