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Beasley Industries' sales are expected to increase from $4 million in 2021 to $5 million in 2022, or by 25%. Its assets totaled $3 million

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Beasley Industries' sales are expected to increase from $4 million in 2021 to $5 million in 2022, or by 25%. Its assets totaled $3 million at the end of 2021. Beasley is at full capacity, so Its assets must grow in proportion to projected sales. At the end of 2021, current liabilities are $710,000, consisting of $130,000 of accounts payable, $400,000 of notes payable, and $180,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and its dividend payout ratio is 50%. Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Do not round Intermediate calculations. Enter your answer in dollars. For example, an answer of $2 million should be entered as 2,000,000. Round your answer to the nearest dollar

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