Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $6.1 million. The firm also has a profit margin of 20 percent, a retention ratio of 25 percent, and expects sales of $8.1 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 Liabilities and Equity

Current assets $ 1,769,000 Current liabilities $ 1,708,000

Fixed assets 4,087,000 Long-term debt 1,950,000

Equity 2,198,000

Total assets $ 5,856,000 Total liabilities and equity $ 5,856,000

How do I solve for the amount of additional funds will Wall-E need from external sources to fund the expected growth?