Quantitative Problem $1$: Beasley Industries' sales are expected to increase from $$4$ million in $2017$

to $$5$ million in $2018,$ or by $25\%.$ Its assets totaled $$2$ million at the end of $2017.$ Beasley is at full

capacity, so its assets must grow in proportion to projected sales. At the end of $2017,$ current liabilities

are $$790,000,$ consisting of $$140,000$ of accounts payable, $$350,000$ of notes payable, and $$300,000$

of accrued liabilities. Its profit margin is forecasted to be $4\%,$ and its dividend payout ratio is $60\%.$

Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Do not

round intermediate calculations. Enter your answer in dollars. For example, an answer of $$2$ million

should be entered as $2,000,000.$ Round your answer to the nearest dollar.

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