(Financial forecasting - percent of sales) Next year's sales for Cumberland Mfg. are expected to be $16.25 million. Current sales are $13 million, based on current assets of $4.33 million and fixed assets of $6.50 million. The firm's net profit margin is 5 percent after taxes. Cumberland estimates that its current assets will rise in direct proportion to the increase in sales, but that its fixed assets will increase by only $200,000. Currently, Cumberland has $1.50 million in accounts payable (which vary directly with sales), \$2 million in long-term debt (due in 10 years), and common equity (including $3 million in retained earnings) totaling $7.33 million. Cumberland plans to pay \$0.16 million in common stock dividends next year. a. What are Cumberland's total financing needs (that is, total assets) for the coming year? b. Given the firm's projections and dividend payment plans, what are its discretionary