arisbad Corporation's sales are expected to increase from $5 million in 2021 to $6 million in 2022 , or by 20%. Its assets totaied $3 million at the end of 2021 . Carisbac 3 at full capecity, so its assets must grow in proportion to projected sales. At the end of 2021 , current liabilities are $1 milion, consisting of $250,000 of accounts layable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 7%. a. Assume that the company pays no dividends. Use the AFN equation to forecast the additional funds Carisbad will need for the coming year. Write out your answer comoletelv, For example, 5 million should be entered a5 5,000,000. Round your answer to the nearest dollar. $ b. Why is this AFN different from the one when the company pays dividends? I. Under this scenario the company would have a lower level of retained eamings, which would increase the amount of additional funds needed. II. Under this scenario the company would have a fower level of retained eamings, which would decrease the amount of additional funds needed. III. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of additional funds needed. IN. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of assets needed. V. Under this scenario the company would have a higher level of spontaneous liabalies, which would reduce the amount of additional funds needed