Berkshire Building Services generated $98 million in sales during the current year, and its year-end total assets were $118 million. Also, at year-end, current liabilities were $5,895,000 consisting of $3,144,000 of accounts payable, $1,572,000 of accruals, and $1,179,000 of notes payable. The firms profit margin was 7% and payout ratio was 38%. The firm considered itself at full capacity in the current year. Looking ahead to next year, estimate the additional funds needed if the firm intends to grow sales by 8%.