$($Forecasting financing$$ needs$)$ Beason Manufacturing forecasts its sales next year to be $$$$5\mathrm{.}9$ million and expects to earn $5\mathrm{.}1$ percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions$($projections$)$:

bullet Current assets are equal to $20\mathrm{.}6$ percent of$$ sales, and fixed assets remain at their current level of $$$$1\mathrm{.}1$ million.

bullet Common equity is currently $$$$0\mathrm{.}73$million$,$ and the firm pays out half of its$$ after$-$tax earnings in dividends.

bullet The firm has$$ short$-$term payables and trade credit that normally equal $11\mathrm{.}6$ percent of$$ sales, and it has no$$ long$-$term debt outstanding.

What are$$ Beason's financing needs for the coming$$ year?

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Part $1$

$$Beason$\text{'}$s expected net income for next year is $$$

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enter your response here. $($Round to the nearest$$ dollar.$)$