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Suppose that Wall - E Corporation currently has the balance sheet shown below, and that sales for the year just ended were $ 7 .

Suppose that Wall-E Corporation currently has the balance sheet shown below, and that sales for the year just ended were $7.5 million. The firm also has a profit margin of 30 percent and a retention ratio of 20 percent and expects sales of $9.5 million next year. Fixed assets are currently fully utilized, and the nature of Wall-Es fixed assets is such that they must be added in $1 million increments.
Assets Liabilities and Equity
Current assets $ 2,400,000 Current liabilities $ 2,325,000
Fixed assets 5,550,000 Long-term debt 1,750,000
Equity 3,875,000
Total assets $ 7,950,000 Total liabilities and equity $ 7,950,000
If current assets and current liabilities are expected to grow with sales, what amount of additional funds will Wall-E need from external sources to fund the expected growth?
Note: Enter your answer in dollars not in millions. Round your answer to the nearest whole dollar.

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