Carlsbad Corporation's sales are expected to increase from $5 million in 2021 to $6 million in 2022 , or by 20%. Its assets totaled $3 million at the end 2021. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2021 , current liabilities are $1 million, consistin of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. its profit margin is forecasted to be 4%, and the forecasted retention ratio is 35%. Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year. Write out your answer completely. For example, 5 milition should be entered as 5,000,000. Round your answer to the nearest dollar. Carlisbad Corporation's sales are expected to increase from $5 million in 2021 to $6 million in 2022 , or by 20%. Its assets totaled $2 million at the end of 2021. Carlisbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2021, 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 margin is forecasted to be 4%, and the forecasted retention ratio is 30%. Use the AfN equation to forecast the additional funds Carlsbad will need 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 dollar. What additional funds would be needed if the company's year-end 2021 assets had been $3 million? Assume that all other numbers are the same. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollat. is the company's "capital intensity" the same or different comparing to initial situation? The firm's capital intensity ratio in the new situation is that in the initial one. 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 vour answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest doliar. 5 b. Why is this AFN different from the one when the company pays dividends? 1. Under this scenario the company would have a lower level of retained earnings, which would increase the amount of additional funds needed. II. Under this scenario the company would have a lower level of retained earnings, which would decrease the amount of additional funds needed. IIt. Under this scenarlo the company would have a higher level of retained eamings, 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 scenarlo the company would have a higher level of spontaneous liablities, which would reduce the armount of additional funds needed