Carter Paint Company has plants in four provinces. Sales last year were $100 million, and the balance sheet at year-end is similar in percent of sales to that of prevlous years (and this will continue in the future). All assets and current llabilitles will vary directly with sales. Assume the firm is already using capltal assets at full capacity. The firm has an aftertax profit margin of 3 percent and a dividend payout ratio of 30 percent. a. If sales grow by 10 percent next year, determine how many dollars of new funds are needed to finance the expansion. (Do not round Intermedlate calculations. Enter the answer in millions. Round the final answer to 3 decimal places.) The firm needs $ million in external funds. b. Prepare a pro forma balance sheet with any financing adjustment made to long-term debt. (Do not round Intermeclate calculations. Input all answers as positlve values. Be sure to list the assets and llabillties In order of thelr llquidlty. Enter the answers in millions. Round the final answers to 2 decimal places.) c. Calculate the current ratio and total debt to assets ratio for each year. (Do not round Intermedlate calculations. Round the flinal answers to 1 declmal places.)