Geotag expects its sales to increase 20% next year from its current level of $4.7 million. Geotag has current assets of $660,000, net fixed assets of $1.5 million, and current liabilities of $462,000. All assets and current liabilities are expected to grow proportionately with sales. If geotag has a net profit margin of 5 percent, what additional financing will be needed to support the increase in sales? Geotag does not pay dividends