Conspad Corporatian's sales are expected to increase from $5 milion in 2021 to 56 million in 2022, or by 20%. fts assets totaled $3 million at the end 2021. Carisbad is at full capacty, so its assets must grew in proportion to projected sales. At the end of 2021 , current liabilities are $1 miliion, consistir of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued fiabilities. fts profit margin is forecasted to be 7%. a. Assume that the company pays no dividends. Use the AfN equation to forecast the additional funds Carisbad will need for the coming year. White out wait an wer completely. For example, 5 millian should be entered as 5,000,000, Round your answer to the nearest dollari 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 additional funds needed. 7. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of assets needed. III. Under this scenario the company would have a higher level of spontaneous liabilities, which would reduce the amount of additional funds needed. IV. Under this scenario the company would have a lower level of retained earnings, which would increase the amount of additional fund needed. V. Under this scenario the company would have a lower level of retained earnings, which would decrease the amount of additional func needed