Sales are expected to increase by 20% from $8.2 million in 2015 to $9.84 million in 2016.
Assets totaled $5 million at the end of 2015.
Current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals.
The after-tax profit margin is forecasted to be 6%.
the company pays no dividends
Under these assumptions, what would be the additional funds needed for the coming year?