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Brounsard Skateboard's saies are expected to incmase by 20W from $8.0 milion in 2010 to $0.60 million in 2019 . fts assets totaled $2 miltion

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Brounsard Skateboard's saies are expected to incmase by 20W from $8.0 milion in 2010 to $0.60 million in 2019 . fts assets totaled $2 miltion at the end of 2018. Brouscard is aiready at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2018, current liabilities were 11.4 million, consisting of \$450,000 of accounts payable, $500,000 of notes payable, and 5450,000 of aceruals. The after-tax profit margin is forecasted to be 5%, and the forecasted payout ratio is 75%. Use the AFN equation to forecast Broussard's additional funde 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 calculations. Round your answer to the riearest dollar. 3

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