AFN EQUATION Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. Its sets totaled 56 million at the end of 2016. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2016, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued abilities. Its profit margin is forecasted to be 7, and the forneasted retention ratio is 25%. Use the AFN equation to forecast Cartsbad's additional funds needed for the coming year. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cnnt, Now assume the company's assets totaled 54 million at the end of 2016. Is the company's capital intensity the same or different comparing to initial situation? Select Problem Walk-Through AFN EQUATION Carlsbad Corporation's sales are expected to increase from $5 million in 2016 to $6 million in 2017, or by 20%. Its assets totaled $3 million at the end of 2016. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2016, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit marginis forecasted to be 7%, and the forecasted retention ratio is 30%. Use the APN equation to forecast the additional funds Carlsbed wil need for the coming year. Write out your answer completely. For example, 5 milion should be entered as 5,000,000. Round your answer to the nearest cont