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Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $7.8 million. The firm also has a

Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $7.8 million. The firm also has a profit margin of 30 percent, a retention ratio of 20 percent, and expects sales of $9.8 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 $2,730,000 Current liabilities $2,184,000

Fixed assets5,070,000 Long-term debt1,900,000

Equity3,716,000

Total assets= $7,800,000 Total liabilities and equity= $7,800,000

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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