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Carlsbad Corporation's sales are expected to increase from $5 miltion in 2021 to $6 million in 2022 , or by 200%. Its assets totaled $3

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Carlsbad Corporation's sales are expected to increase from $5 miltion in 2021 to $6 million in 2022 , or by 200%. Its assets totaled $3 mitilion at the end 2021. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales, At the end of 2021 , current liabilities are 51 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 4%6, and the forecasted retention ratio is 40%, Use the AFN equation to forecast the additional funds Corisbod will need for the coming year. Write out your answer completely, For example, 5 multion should be entered as 5,000,000. Round your answer to the nearest dollar

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