8. Lindsey Insurance Co. has current sales of $10 million and predicts next year's sales will grow to $14 million. Current assets are $3 million and fixed assets are $ 4 million. The firm's net profit margin is 7 percent after taxes. Presently, Lindsey has $900,000 in accounts payable, $1.1 million in long-term debt, and $5 million in common equity (including $2.5 million in retained earnings). Next year, Lindsey projects that current assets and current liabilities will rise in direct proportion to the forecasted sales, and that fixed assets will rise by $500,000. Lindsey also plans to pay dividends of $400,000 to common shareholders. Calculate the discretionary financing needs (DEN) of the company. (ILO 4-1 point)