AFN equation Broussard Skateboard's sales are expected to increase by 25% from $9.0 million in 2018 to $11.25 million in 2019. Its assets totaled $5 million at the end of 2018 . Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2018, current liabinties 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 70%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year, Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate colculations. Round your answer to the nearest dollar