Needham Inc. is a company specializing in the production and trading of steel. The company has recorded a profit after tax of USD 100 million for the fiscal year just ended, also in this year, the company has made a dividend payout ratio of 30%, and at the same time, the total dividend paid exactly equal to FCFE. The company is fully funded by equity, the company only uses common shares in the capital raising process. (a) Over the next year, Needham's net profit is expected to grow by 10%. Also next year, the size of the reinvestment amount (= CapEx - Depreciation + Change in working capital) is forecasted to grow by 10% over the previous year, this amount is expected to be financed by 20% debt. get a loan. In the next year, if the company continues to pay all FCFE as dividends, what will be the dividend payout ratio? (b) Needham currently has a cash balance on its Balance Sheet of $100 million. If, in the coming year, Needham intends to pay a dividend of 40% and use the amount of $50 million to repurchase common stock as treasury stock, ask for the cash balance on the Balance Sheet. What will the company's accounting be at the end of next year? Know that the information on net profit, reinvestment amount, and expected debt size is the same as for (a)