Carisbad Corporation's sales are expected to increase from $5 million in 2021 to $6 milion in 2022 , or by 20%. Its assets totaled $2 million at the end of 2021. Carisbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2021 , current fiabilities are $1 minlian, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilies. Its profit margin is forecasted to be 3%. a. Arsume that the company pays no dividend5. Use the AFN equation to forecast the additional funds Carisbad will need for the coming year. Write out your answer completely. For example, 5 millon should be entered as 5,000,000. Round your answer to the nearest dollan 5 b. Why is this AFN different from the one when the company pays dividends? 1. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of assets needed. 11. Under this scenario the company would have a higher level of spontaneous labilities, which would reduce the amount of adistional funds needed. 111. Under this scenario the compary would have a lower level of retained earnings, which would increase the amount of additional funds needed. TV. Under this scenario the company would have a lower level of retained eamings, which would decrease the amount af addibanal funds needed. V. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of additional funds needed