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Broussard Skateboard's sales are expected to increase by 25% from 57 milion in 2021 to $8.75 million in 2022 . fts perating assets were 55

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Broussard Skateboard's sales are expected to increase by 25% from 57 milion in 2021 to $8.75 million in 2022 . fts perating assets were 55 mallion at the end of 2021. Broussard is atready at full capacity, so its operating assets must grow at the same rate as projected sales. At the end of 2021 , current fisbilities were $1.4 million, consisting of \$450,000 of accounts payable, $500,000 of notes payable, and \$450,000 of accrials. The after tax profit margin is forecasted to be 3%, and the forecasted payout ratio is 65\%, Use the AFN equation to forecast Broussard's additional fonds needed for the coming year, Enter your arawer in dollars. For example, an answer of $1.2 mullion should be eritered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollac

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