Suppose that the 2020 actual and 2021 projected financial statements for AFS are Initially as shown. In these tables, sales are projected to rise by 14 percent in the coming year, and the components of the income statement and balance sheet that are expected to increase at the same 14 percent rate as sales are costs except depreciation, depreciation, cash, accounts recelvable, Inventories, net plant and equipment, accounts payable, and accruals. Income Statement 2020 Actual Sales $5,580, eee Costs except depreciation 3,800,000 Depreciation 1,200,000 EBIT $1,300,000 Interest 153, see EBT $1,147, eee Taxes (40%) 458, 800 Net income $ 688,200 Common dividends $ 344, lee Addition to retained earnings $ 344,100 2021 Forecast $6,270,000 3,420, eee 1,368,888 $1,482,000 153,899 $1,329,800 531,600 $ 797, 480 $ 344,180 $ 453, 380 Balance Sheet 2020 Actual 2021 Forecast $ 750,00 140, eee 800, eee $1,690, eee 5,800,000 $6,690,000 $ 855, eee 159,600 912,880 $1,926,600 5,790,000 $7,626,600 Assets Cash Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total debt Common stock Retained earnings Total common equity Total liabilities and equity $ 350,000 5ee, eee 375, eee $1,225,000 1,200,000 $2,425,000 $4,000,000 265, eee $4, 265,000 $6,690, mee $ 399, eee 588,888 427,580 $1,326,500 1,200,000 $2,526,500 $4,000,000 718, 30e $4,718,300 $7,244,880 Assuming that AFS wants to cover the AFN with half equity and half long-term debt, what amount of additional funds will be needed if debt carries a 9 percent interest rate? (Round your answer to 2 decimal places.) Additional funds needed s 404,124.00