Builtrite projects that its sales next year will be $$4$ million and expects to earn a net

profit after taxes of $5\%.$ Builtrite is in the process of projecting its financing needs for the

coming year and has come up with the following projections:

a$)$ current assets will equal $20\%$ of sales and fixed assets will remain at the current level

of $$1$ million

b$)$ common equity is currently $$800,000$ and Builtrite expects to pay out half of its NPAT

in dividends

c$)$ Builtrite has accounts payable equal to $10\%$ of sales and no long term debt

outstanding

What are Builtrite's financing needs $($discretionary financing needs$)$ for the coming vear?