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Eroussard skateboard's sales are expected to increase by 25% from $8.6 million in 2019 to $10.75 million in 2020 . Its assets totaled $5 million

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Eroussard skateboard's sales are expected to increase by 25% from $8.6 million in 2019 to $10.75 million in 2020 . Its assets totaled $5 million 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 liabilinies were $1.4 miltion, contisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruak, The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 55%. Use the AFN equation to forecast Broussard's additionat funds needed for the coming year, Enter your answer in dollars, for example, an answer of $1.2 milion should be entered as $1,200,000, Do not round intermodiate calculations, Round your answer to the nearest dollar

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