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Eroussard Ekateooard's sales are expected to increase by 25% from $8.4 million in 2019 to $10.50 million in 2020. Its assets totaled $2 million at

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Eroussard Ekateooard's sales are expected to increase by 25% from $8.4 million in 2019 to $10.50 million in 2020. Its assets totaled $2 million at the end of 2019. Eroussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payalole, and $450,000 of accruals. The aftertax prot margin is forecasted to be 3%, and the forecasted payout ratio is 55%. 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 million should he entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar

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