Lothbrok Industries Ltd. Income Statement (Millions USD) Revenue Cost Of Goods Sold Gross Profit Selling General & Admin Exp. Depreciation & Amort. Operating Income Interest Expense Earnings Before Tax Income Tax Expense Net Income 2020 270 154 116 74 10 32 6 26 18 Per Share Items EPS Common Shares Outstanding (millions) Dividends per Share Payout Ratio $0.40 44.1 $0.15 36.9% 2019 2020 Lothbrok Industries Ltd. Balance Sheet, (millions USD) ASSETS Cash And Equivalents Accounts Receivable Inventory Prepaid Exp. Total Current Assets Gross Property, Plant & Equipment Accumulated Depreciation Net Property, Plant & Equipment Other Non-operating Assets Total Assets 21 115 4. 140 230 (88) 142 50 332 21 120 4 145 244 (86) 158 52 355 26 25 8 27 LIABILITIES Accounts Payable Accrued Exp. Short-term Borrowings Other Current Liabilities Total Current Liabilities Long-Term Debt Other Non-Current Liabilities Total Liabilities 11 71 76 18 165 37 14 77 70 29 176 Total Equity Total Liabilities And Equity 167 332 179 355 Based on the financial information provided for Lothbrok Industries, Lothbrok Industries wishes to accumulate its cash so it will have $50 million sometime in the future. Independent of any financial information provided for Lothbrok in its financial statements, assume they invest $2.65 million immediately, and then $2.65 million at the end of each year in an investment which is expected to provide a 6% per annum return. What if Lothbrok had to make an emergency withdrawal of $10 million at the end of year7. In addition to the withdrawal the company did not make its regular $2.65 million contribution in that year. What must the company's yearly investments from year 8 on, to meet its $50 million goal in the same period as calculated in part (a)