AFN EQUATION Carlsbad Corporation's sales are expected to increase from $$5$ million in $2018$ to $$6$ million in $2019,$ or by $20\%.$ Its assets totaled $$3$ million at the end of $2018.$ Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of $2018,$ current liabilities are $$1$ million, consisting of $$250,000$ of accounts payable, $$500,000$ of notes payable, and $$250,000$ of accrued liabilities. Its profit margin is forecasted to be $3\%,$ and the forecasted retention ratio is $30\%.$ Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year.