just need part b

Cartsbad Corporation's sales are expected to increase from $5 milion in 2021 to 56 million in 2022, or by 20%. Its assers totaled $2 miltion at the end of 2021. Carlsbad is at ful capecity, 50 its assets must grow in proportion to projected sales. At the end of 2021 , current liabilities are $1 million, corisisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabiities. Its profit margin is forecasted to be 336 . a. Assume that the company pays no dividends. Use the AFN equation to forecast the additional funds Carisbad will need for the coming year. Write out vaiur ancwer completely. For example, 5 million should be entered as 5,000,000. Round your answer to that nearest doliar. 5 b. Why is this AFN different from the one when the company pays dividends? I. Under this scenario the company would have a higher level of spontaneous liabilities, which would reduce the amount of additicnal funds needed. If. Under this scenario the company would have a lower level of retained earnings, which would increase she amount of additional fund needed. III. Under this scenario the company would have a lower level of retained eamings, which would decrease the amount of addibonal funt needed. IV. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of additional fund needed. V. Under this scenario the company would have a higher level of retained earnings, which would reduce the amount of assats needed