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Carlsbad Corporation's sales are expected to increase from $5 million in 2021 to $6 million in 2022 , or by 20%. Its assets totaled $2

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Carlsbad Corporation's sales are expected to increase from $5 million in 2021 to $6 million in 2022 , or by 20%. Its assets totaled $2 milion 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 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 3%, 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 miltion 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 milion should be entered as 5,000,000. Round your answer to the nearest dollar. 5 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

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