Broussard Skateboard's saies are expected to increase by 15% from $7.0 million in 2018 to $8.05 million in 2019 . Its assets totaled 55 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 sabilies 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 5%. Assume that the company pays no dividends. Under these assumptions, what would be the additional funds needed for the coming year? Do not round intermediste calculations. Round your answer to the nearest dollar. 5 Why is this AFN different from the one when the company pays dividends? I. Under this scenario the compony would have a lower level of retained earnings bot this would have no effect on the amount of additional funds needed II. Under this scenario the company would have a higher level of retained eamings which nould reduce the amount of additional funds needed. 1Ir. Under this scenario the company would have a higher level of retained eamings which would increase the amount of additional funds needed IV. Under this scenario the company would have a higher level of retained earnings but this would have no effect on the amount of additional funds needed v. Under this scenario the company would have a lower level of retained earnings which would reduce the amount of additional funds needed