Show me the steps to solve Beason Manufacturing forecasts its sales next year to be $$$$6\mathrm{.}2$ million and expects to earn $4\mathrm{.}6$ percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions$($projections$)$:

bullet Current assets are equal to $19\mathrm{.}8$ percent of$$ sales, and fixed assets remain at their current level of $$$$0\mathrm{.}9$ million.

bullet Common equity is currently $$$$0\mathrm{.}81$million$,$ and the firm pays out half of its$$ after$-$tax earnings in dividends.

bullet The firm has$$ short$-$term payables and trade credit that normally equal $12\mathrm{.}8$ percent of$$ sales, and it has no$$ long$-$term debt outstanding.

What are$$ Beason's financing needs for the coming$$ year?