(Financial forecasting-discretionary financing needs) Sambonoza Enterprises projects its sales next year to be 54 milion and expects to cam 7 percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumption (projections) 1. Current assets will equal 21 percent of sales and foxed assets will remain at their current level of $1 million 2. Common equity is currently $0.70 million, and the firm pays out half of its after-tax eamings in dividends. 3. The firm has short-term payables and trade credit that normally equal 15 percent of sales and it has no long-term debt outstanding What are Sambonoza's financing requirements (ie total assets) and discretionary financing needs (DF) for the coming year What are Sambonoza's financing requirements or total assets for the coming year? million (Round to two decimal places) ience tror may S