(Forecasting financing needs) Beason Manufacturing forecasts its sales next year to be S6.2 million and expects to eam 4.1 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): Current assets are equal to 20.8 peroent of sales, and fixed assets remain at their current level of $1.2 million Common equity is currently $0.86 million, and the firrm pays out half of its after-tax eamings in dividends The firm has short-term payables and trade credit that normally equal 12.5 percent of sales, and it has no lang-term debt outstanding. What are Beason's financing needs for the coming year? Beason's expected net income for next year is $. (Round to the nearest dollar.)