Broussard Skateboard's sales are expected to increase by 25% from $7.4 million in 2019 to $9.25 milion in 2020 . Ifs assets totaled $4 milion 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 liablities were $1,4 mili on, 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 65%. 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 mition should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar. 5