2. Company Sa projects its sales next year to be $4 million and expects to earn 5 percent of that amount after taxes. The firm is currently in the process of projecting its financial i. Current assets are equal to 20 percent of sales, and fixed assets remain at their ii. Common equity is currently $0,8 million, and the firm pays out half of its after- The firm has short-term payables and trade credit that normally equal 10 percent of sales, needs and has made the following assumptions (proiections): current level of $1 million. tax earnings in dividends. and it has no long-term debt outstanding. What are Company Sa's financing needs for the coming year? Company Sa projects its sales next year to be $4 million and expects to earn 5 percent of that amount after taxes. The firm is currently in the process of projecting its financial needs and has made the following assumptions (projections): i. Current assets are equal to 20 percent of sales, and fixed assets remain at their 2. current level of $1 million. ii. Common equity is currently $0,8 million, and the firm pays out half of its after- tax earnings in dividends. The firm has short-term payables and trade credit that normally equal 10 percent of sales, and it has no long-term debt outstanding. What are Company Sa's financing needs for the coming year