itstad Corporation's sales are expected to increase from $5 mullion in 2021 to 56 million in 2022 , or by 20%. frs assets totaled $4 rullion at the end of 121. Carisbad is at full capacity, so its assets must-grow in proportion to projected sales. At the end of 2021, current liabulities are $1 million, consisting of 250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 6\%. a. Assume that the company pays no dividends. Use the AFN equation to forecast the additional funds Corlsbed will need for the coming year. White out vour answer completely. For example, 5 milion should be entered as 5,000,000. Round your answer to the nearest dollat. 5 b. Why is this AFN different from the one when the company pays dividends? 1. Under this scenario the company would have a lower level of retained eamings, whech would decrease the amount of addicional funds needed. 11. Under this scenano the company would have a higher level of retained eamings. Which wauld reduce the amount of adisicional funds neceded. III. Under this scenario the company would have o higher level of retained eamings. Which would reduce the amaunt of assets needed TV. Under this scenario the corspany would have a higher level of sportaneous liabilieies, which would reduce the arnount of additional funds leeded, V. Under this scenario the company would hove a lower level of fetained earningls, which would increast the aminent af adastionat funds necded