Assume that Wildcat can borrow any needed funds on a short-term basis at a rate of 3 percent per quarter and can invest any excess funds in short-term marketable securities at a rate of 2 percent per quarter b-1 Complete the following short-term financial plan for Wildcat, Inc. (Enter your answers in millions. Negative amounts should be indicated by a minus sign. Leave no cells blank be certain to enter 0 wherever required. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g. 32.16)) WILDCAT, INC Short-Term Financial Plan in millions) Q1 03 04 Beginning cash balance Net cash inflow New short-term investments ncome from short-term investments Short-term investments sold New short-term borrowing Interest on short-term borrowing Short-term borrowing repaid 30.00 30 00 S 30.00 S 30.00 Ending cash balance Minimum cash balance Cumulative surplus (deficit) Beginning short-term investments Ending short-term investments Beginning short-term debt Ending short-term debt b 2 What is the net cash cost for the year? (Enter your answers in millions. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Net cash cost value 12.50 points S18-15 Calculating the Cash Budget [LO3] Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows Sales $160 $175 $190 $215 Sales for the first quarter of the year after this one are projected at $170 million. Accounts receivable at the beginning of the year were $68 million. Wildcat has a 45-day collection period Wildcat's purchases from suppliers in a quarter are equal to 45 percent of the next quarter's forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 25 percent Wildcat plans a major capital outlay in the second quarter of $75 million. Finally, the company started the a. Complete the following cash budget for Wildcat, Inc. (Enter your answers in millions. Negative of sales Interest and dividends are $12 million per quarter. year with a $64 million cash balance and wishes to maintain a $30 million minimum balance amounts should be indicated by a minus sign. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g 32.16) WILDCAT INC Cash Budget in millions) 02 Q1 Q3 Q4 Beginning cash balance $ Net cash inflow 6400 83 95 3790 46.05 19.95 Ending cash balance Minimum cash balance s83953790 37.90 30.00 -30.00 -30.00 Cumulative surplus (deficit) $ 53.95 1 $C 7.90] Assume that Wildcat can borrow any needed funds on a short-trm basis at a rate of 3 percent nor auator