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Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $7 million. The firm also

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Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $7 million. The firm also has a profit margin of 27 percent, a retention ratio of 20 percent, and expects sales of $9 million next year. Fixed assets are currently fully utilized, and the nature of Wall-E's fixed assets is such that they must be added in $1 million increments. Assets Current assets Fixed assets Liabilities and Equity $ 2,000,000 Current liabilities $2,500,000 5,000,000 Long-term debt 1,500,000 Equity 3,000,000 $7,000,000 Total liabilities and equity $7,000,000 Total assets 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? (Enter your answer in dollars not in millions.) Additional funds needed

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