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Futuristic Development $($FD$)$ generated $$3$ million in sales last year with assets equal to $$6$ million. The firm operated at full capacity last year. According to FD$\text{'}$s balance sheet, the only current liabilities are accounts payable, which equals $$510,000.$ The only other liability is long$-$term debt, which equals $$1,215,000.$ The common equity section is comprised of $400,000$ shares of common stock with a book value equal to $$3$ million and $$1,275,000$ of retained earnings. Next year, FD expects its sales will increase by $18$ percent. The company's net profit margin is expected to remain at its current level, which is $10$ percent of sales. FD plans to pay dividends equal to $$0\mathrm{.}70$ per share. It also plans to issue $70,000$ shares of new common stock, which will raise $$585,000.$ Estimate the additional funds needed $($AFN$)$ to achieve the forecasted sales next year. Round your answer to the nearest dollar. Futuristic Development $($FD$)$ generated $$3$ million in sales last year with assets equal to $$6$ million. The firm operated at full capacity last year. According to

FD$\text{'}$s balance sheet, the only current liabilities are accounts payable, which equals $$510,000.$ The only other liability is long$-$term debt, which equals

$$1,215,000.$ The common equity section is comprised of $400,000$ shares of common stock with a book value equal to $$3$ million and $$1,275,000$ of retained

earnings. Next year, FD expects its sales will increase by $18$ percent. The company's net profit margin is expected to remain at its current level, which is $10$

percent of sales. FD plans to pay dividends equal to $$0\mathrm{.}70$ per share. It also plans to issue $70,000$ shares of new common stock, which will raise $$585,000.$

Estimate the additional funds needed $($AFN$)$ to achieve the forecasted sales next year. Round your answer to the nearest dollar.

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