Suppose that Wall$-$E Corporation currently has the balance sheet shown below, and that sales for the year just ended were $$7\mathrm{.}5$ million. The firm also has a profit margin of $30$ percent and a retention ratio of $20$ percent and expects sales of $$9\mathrm{.}5$ million next year. Fixed assets are currently fully utilized, and the nature of Wall$-$E$$s fixed assets is such that they must be added in $$1$ million increments.

Assets Liabilities and Equity

Current assets $ $2,400,000$ Current liabilities $ $2,325,000$

Fixed assets $5,550,000$ Long$-$term debt $1,750,000$

Equity $3,875,000$

Total assets $ $7,950,000$ Total liabilities and equity $ $7,950,000$

If current assets and current liabilities are expected to grow with sales, what amount of additional funds will Wall$-$E need from external sources to fund the expected growth?

Note: Enter your answer in dollars not in millions. Round your answer to the nearest whole dollar.Suppose that Wall$-$E Corporation currently has the balance sheet shown below, and that sales for the year just ended were $$7\mathrm{.}5$

million. The firm also has a profit margin of $30$ percent and a retention ratlo of $20$ percent and expects sales of $$9\mathrm{.}5$ million next year.

Fixed assets are currently fully utilized, and the nature of Wall$-$E$\text{'}$s fixed assets is such that they must be added in $$1$ million Increments.

If current assets and current liabilitles are expected to grow with sales, what amount of additional funds will Wall$-$E need from external

sources to fund the expected growth?

Note: Enter your answer in dollars not in millions. Round your answer to the nearest whole dollar.

Additional funds needed