I need help!! My professor gave me extra bonus questions with the correct answers at the end but I need shown how to get to that answer! Thank you

2. Austin Boston Corporation's balance sheet for last year is presented below: Cash Accounts receivable Inventory Fixed assets $ 400,000 2,000,000 3,000,000 3,600,000 Accounts payable $1,500,000 Notes payable Mortgage Common stock Retained earnings 1,500,000 1,000,000 2,500,000 2,500,000 Total liabilities Total assets $9,000,000 and equity $9,000,000 Sales last year were $10,000,000 and they are expected to increase by 20 percent next year. Net profit margin is forecasted to be 8 percent. Austin Boston plans to pay dividends of 60%. Management expects that the sales increase can be handled by existing fixed assets. How much external funds does Austin Boston need next year? S396,000