Broussard Skateboard's sales are expected to increase by 20% from $7.4 million in 2019 to $8.88 million in 2020. Its ass

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Broussard Skateboard's sales are expected to increase by 20%from $7.4 million in 2019 to $8.88 million in 2020. Its assetstotaled $2 million at the end of 2019. Broussard is already at fullcapacity, so its assets must grow at the same rate as projectedsales. At the end of 2019, current liabilities were $1.4 million,consisting of $450,000 of accounts payable, $500,000 of notespayable, and $450,000 of accruals. The after-tax profit margin isforecasted to be 3%, and the forecasted payout ratio is 60%. Usethe AFN equation to forecast Broussard's additional funds neededfor the coming year. Enter your answer in dollars. For example, ananswer of $1.2 million should be entered as $1,200,000. Do notround intermediate calculations. Round your answer to the nearestdollar.