Suppose that Gyp Sum Industries currently has the balance sheet shown below, and that sales for the year just ended were $10.8 million. The firm also has a profit margin of 30 percent and a retention ratio of 20 percent, and expects sales of $8.8 million next year.

Assets	Liabilities and Equity
Current assets	$ 2,544,000	Current liabilities	$ 2,423,520
Fixed assets	4,800,000	Long-term debt	1,900,000
		Equity	3,020,480
Total assets	$ 7,344,000	Total liabilities and equity	$ 7,344,000

If all assets and current liabilities are expected to shrink with sales, what amount of additional funds will Gyp Sum need from external sources to fund the expected growth?