Cottonwood Inc. has estimated sales in (millions) for the next four quarters as follows: Sales for the first quarter of the year after this one are projected at $170 million. Accounts receivable at the beginning of the year were $68 million. Cottonwood has a 45 - day collection period. Cottonwood's purchases from suppliers in a quarter are equal to 45% of the next quarter's forecast sales and suppliers are normally paid in 36 days. Wages, taxes and other expenses run about 25% of sales. Interest and dividends are \$12 million per quarter. Cottonwood plans a major capital outlay in the second quarter of $75 million. Finally, the company started the year with 49 million cash balance and wishes to maintain a $30 million minimum balance. 2. Complete a cash budget for Cottonwood by filling in the following: b. Assume that cotton wood can borrow any needed funds on a short-term basis at a rate of 3% per quarter and can invest any excess funds in short term marketable securities at a rate of 2% per quarter. Prepare a short-term financial plan by filling the following schedule. What is the net cash cost (total interest paid minus total investment income earned for the year