Given the following: You are planning a new business. You project the following first-year income statement: Revenue $ 2,000,000 COGS $ 1,000,000 Gross profit $ 1,000,000 Other variable expenses $ 200,000 Depreciation $ 50,000 Other fixed expenses $ 600,000 Net profit $ 150,000 You project that you will need $200,000 in capital assets (leasehold improvements and equipment) to start the business. You will carry inventory, and you project that annual inventory turnover (Annual COGS / Average Inventory) will be 4.0. All sales will be on credit, and you project that Days Sales Outstanding will be 45.0. Please calculate (4 points): If you plan to cover 8 months of (other) fixed expenses, how much funding do you need to start this business (regardless of source of funding)?