Broussord Skateboard's swies are expected to increase by 20% from $8.0 millon in 2018 to $9.60million in 2019 . Its assets totaled $5millon at the end of 2018 . Broussard is already at full capacity, so its assets must grow ot the same rate as projected sales. At the end of 2018, current liabaities were $1.4 mitlion, consisting of $450,000 of accounts payable, $500,000 of notes pwyable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 7%. Assume that the company pays no dividends. Under these assumptions, what would be the additional funds needed for the coming year? Do not round intermedate calculations. Round your answer to the nearest dollar. 13 Why is this AFN a fierent from the one when the company pays dividends? 1. Under this scenario the company would hive a higher level of retained eaenings which would increase the amount of additional funds needed. II. Under this scenario the company would have a higher level of reteined earnisgs but this would have no effect on the amount of additional funds needed. III. Under this icenano the company would have a lower level of retained earnings which would reduce the ameunt of additional funds needed IV. Under this scenario the comoany would have a loser ievel of retained eamings but thas would have no effect on the amount of additional funds needed. V. undec this scenario the compam would have a Nigher level of retained earnios which would reduce the amount of additionar funds needed