Mickey Inc. is about to open a new amusement park and expects sales to grow by 50% next year. The income statement and balance sheet for the previous year are given below (in $ million): Line item 2016 Sales 124 86.8 Operating costs Depreciation EBIT 24.8 12.4 Interest 4.96 Taxes 2.604 Net income 4.836 3.869 - Dividends - Addition to retained earnings 0.967 Interest expenses and the tax rate and payout ratio will stay the same. 16 8.6 19 Assets Cash & equivalents Accounts receivable Inventory Current assets Machines Real estate Fixed assets Total assets 43.6 Liabilities and Equity Accounts payable 28 Accrued wages 12 Notes payable 2.8 Current liabilities 42.8 Long-term debt 48 Total liabilities 90.8 Total equity 7.8 Liabilities & equity 98.6 34 21 55 98.6 Accounts payable and accrued wages are expected to increase at the same rate as sales. Assets would grow at the same rate if the company operated at full capacity, but capacity utilization was only 89% last year. What is the Increase in retained earnings for next year (in $ million)? 2+ decimals Submit Part 2 - Attempt 1/15 for 10 pts. What is the Projected increase in assets for next year (in $ million)? 1+ decimals Submit Part 3 | Attempt 1/15 for 10 pts. What is the projected increase in current liabilities (in $ million)? Part 4 Attempt 1/15 for 10 pts. What is the additional funds needed (AFN) for next year (in $ million)