Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $6.4 million. The firm also has a profit margin of 20 percent, a retention ratio of 25 percent, and expects sales of $8.4 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 $ 1,664,000	Current liabilities $ 1,984,000
Fixed assets 4,096,000	Long-term debt 1,800,000
	Equity 1,976,000
Total assets $ 5,760,000	Total liabilities and equity $ 5,760,000

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? (Enter your answer in dollars not in millions.)

Can you please show the work or formula I have two other problems the same? Thanks :)