None Suppose that Wall-E Corporation currently has the balance sheet shown below, and that sales for the year just ended were $6.6million. The firm also has a profit margin of 30 percent and a retention ratio of 20 percent and expects sales of $8.6 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.AssetsCurrent assets $ 1,584,000 Current liabilitiesLiabilities and EquityFixed assets4,356,000Long-term debtEquity$ 2,178,0001,700,0002,062,000Total assets$ 5,940,000 Total liabilities and equity$ 5,940,000If current assets and current liabilities are expected to grow with sales, what amount of additional funds will Wall-E need from externalsources 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

AFN means Additional funds needed.Additional funds needed = Increase in assets - Increase in…

Suppose that Wall-E Corporation currently has the balance sheet shown below, and that sales for million. The firm also has a profit margin of 30 percent and a retention ratio of 20 percent and exp Fixed assets are currently fully utilized, and the nature of Wall-E's fixed assets is such that they mu Assets Current assets Fixed assets Total assets Liabilities and Equity $ 2,178,000 $ 1,584,000 Current liabilities 4,356,000 Long-term debt Equity $ 5,940,000 Total liabilities and equity 1,700,000 2,062,000 $ 5,940,000 If current assets and current liabilities are expected to grow with sales, what amount of additional fu 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