Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $8.0 million. The firm also has a profit margin of 20 percent, a retention ratio of 25 percent, and expects sales of $10.0 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	$	1,600,000		Current liabilities	$	2,080,000
Fixed assets		5,360,000		Long-term debt		2,000,000
				Equity		2,880,000
Total assets	$	6,960,000		Total liabilities and equity	$	6,960,000

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.)

Additional funds needed

$