Pindyck Company sales was $5 million. They are expected to grow 20% in the coming year. Pindyck requires additional assets (receivables, inventories, and fixed assets) equal to 60% of the increase in sales. Short-term liabilities (accounts payable and other accruals) will increase by 10% of the sales increase. The net profit margin is 10%, and the company plans to pay a $120,000 cash dividend next year. What is additional (external) funds requirements to meet the company's asset needs?