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Broussard Skateboard's sales are expected to increase by15% from $8.0 million in 2016 to $9.20 million in 2017. Its assetstotaled $5 million at the end of 2016. Broussard is already at fullcapacity, so its assets must grow at the same rate as projectedsales. At the end of 2016, current liabilities were $1.4 million,consisting of $450,000 of accounts payable, $500,000 of notespayable, and $450,000 of accruals. The after-tax profit margin isforecasted to be 4%, and the forecasted payout ratio is 55%. Whatwould be the additional funds needed? Do not round intermediatecalculations. Round your answer to the nearest dollar.$Assume that an otherwise identical firm had $6 millionin total assets at the end of 2016. The identical firm's capitalintensity ratio (A0*/S0) is -Select-higherthan, lower than, or equal to than Broussard's; therefore, theidentical firm is -Select-less,more, or the same capital intensive- it would require -Select-a smaller,a larger, or the same increasein total assets to support the increase in sales.