Nano Media is a young, growing social media company that has just reported net income of $10 million for the most recent year, on revenues of $100 million. The company reported capital expenditures (including acquisitions) of $40 million for the most recent year, significantly higher than the depreciation of $12 million for the year. Finally, non-cash working capital was $36 million at the end of the most recent year. Looking forward, the company expects the following for each of these items for the next 3 years: Revenues will grow 40% a year, capital expenditures at 15% a year and depreciation at 25% a year, each year for the next 3 years. The table below lists the expectations that the company has for net profit margins (net income as a percent of sales) and non-cash working capital as a percent of sales for the next 3 years: 1 2 3 Net Margin 12% 14% 16% Total non-cash WC as % of revenues 30% 25% 15% a. The company currently has a cash balance of $45 million. How much cash will be left after year 3, if it pays no dividends and does not borrow money?