1. Problem 1201 (AFN Equation) m E Problem Weill-Through AFN equation Broussard Skateboards sales are expected to Increase by 20% from $9.0 million in 2019 to $10.80 million in 2020. Its assets totaled $5 million at the end of 2019. Brousard is already at full capacity, so its assets must grew at the same rate as projected sales. At the end of 2019, current Iiabilitie $500,000 of note: payable, and $450,000 of accruals. The after- 5 were $1.4 million, consisting of $450,000 of accounts payable, tax prot margin is forecasted to be 6%, and the forecasted payout ratio is 45%. funds needed for the coming year. Enter your answer in dollars. Use the AFN equation to forecast Broussard's additional nearst dollar. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the Grade it Now Save 8: Continue Continue without saving