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Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2019 to $10.32 million in 2020 . Its assets totaled $3 million

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Broussard Skateboard's sales are expected to increase by 20% from $8.6 million in 2019 to $10.32 million in 2020 . Its assets totaled $3 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019 , current liabilities were $1.4 milition, 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%, and the forecasted payout ratio is 50%. Use the AfN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1,2 million should bo entered as 51,200,000. Do not round intermediate calculations, Round your answer to the nearest dollar

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