Forecasted Statements and Ratios Uptan Computers makes bulk purchases of small computers, stocks them in convenlently located warehoises, ships them to its chain of tetall stoces, and has a staff to advise customers and help them set up their new computers. Upton's balance sheet as of December 31, 2018, is shown hete (mitiens of deiliars) Sales for 2018 were $275 milion and net income for the vear was $8.25 miltion, so the firms probit margin was 3,00%. Upton paid dividends ot $3.3 milion to common stockholders; so its payout ratio was 40%. Its tax rate was 40%, and it operated a full capacity. Assume that all assets/sales rabios, (spontanecus sabisties)/sales ratios, the profit marght, and the paryout ratio remain constans in 2019. Do not round intermediate calculations. a. If sales are projected to increase by $80 million, ar 29.090909%, during 2019 , wse the AFN equation to determine Upton's projected external capital requirements. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55 . Round your answer to tro decimal glaces. \$. Zmillion b. Using the AFN equation, determine Upton's seif-supporting growth rate. That is, what is the maximum growth rate the firm can achierve mithout having to employ nonspontaneous external funds? Round your answer to two decimal places: c. Use the forecasted financial statement method to forecast uptoms balasce sheet for December 31, 2019. Assume that al additeasl extemat cophal is raised as a ine of credit at the end of the year and is refected (because the debt is added at the end of the year, there will be no adskional interent expense due to the fone stahty o