Broussard Skateboard's sales are expected to increase by 15% from $7.6 million in 2018 to $8.74...

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Broussard Skateboard's sales are expected to increase by 15%from $7.6 million in 2018 to $8.74 million in 2019. Its assetstotaled $5 million at the end of 2018.
Broussard is already at full capacity, so its assets must grow atthe same rate as projected sales. At the end of 2018, currentliabilities were $1.4 million, consisting of $450,000 of accountspayable, $500,000 of notes payable, and $450,000 of accruals. Theafter-tax profit margin is forecasted to be 4%. Assume that thecompany pays no dividends. Under these assumptions, what would bethe additional funds needed for the coming year? Do not roundintermediate calculations. Round your answer to the nearestdollar.

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Broussard Skateboard's sales are expected to increase by 15%from $7.6 million in 2018 to $8.74 million in 2019. Its assetstotaled $5 million at the end of 2018.Broussard is already at full capacity, so its assets must grow atthe same rate as projected sales. At the end of 2018, currentliabilities were $1.4 million, consisting of $450,000 of accountspayable, $500,000 of notes payable, and $450,000 of accruals. Theafter-tax profit margin is forecasted to be 4%. Assume that thecompany pays no dividends. Under these assumptions, what would bethe additional funds needed for the coming year? Do not roundintermediate calculations. Round your answer to the nearestdollar.