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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 $6.1 million. The firm also

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-Es 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 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.)

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