Carisbad Corporation's sales are expected to increase from $5 million in 2019 to 56 million in 2020 , or by 20%, Its assets totaled $4 million at the end of 2019. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2019 , current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 7%, and the forecasted retention ratio is 40%. Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year. Write out your answer completely, For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar. 5