Futuristic Development (FD) generated $2 million in sales last year with assets equal to $4 million. The firm operated at full capacity last year. According to FD's balance sheet, the only current liabilities are accounts payable, which equals $320,000. The only other liability is long-term debt, which equals $790,000. The common equity section is comprised of 400,000 shares of common stock with a book value equal to $2 million and $890,000 of retained earnings. Next year, FD expects its sales will increase by 16 percent. The company's net profit margin is expected to remain at its current level, which is 9 percent of sales. FD plans to pay dividends equal to $0.40 per share. It also plans to issue 60,000 shares of new common stock, which will raise $360,000. Estimate the additional funds needed (AFN) to achieve the forecasted sales next year. Round your answer to the nearest dollar.