pard LUL ac MYFAU Grades for Noah Lieb: FIN 3403-010: Principles of Fin... Intro Webflix has $35 million of sales and $3.5 of net income this year. Sales are expected to grow by 4% next year, while net income and assets are expected to grow at the same rate as sales. You project accounts payable to increase by $0.2 million. The company has a constant payout ratio of 30%. The balance sheet at the end of this year is as follows (in $ million): Assets Liabilities and Equity Cash & equivalents Accounts payable 2.1 Accounts receivable Accrued wages 0.8 Inventory Notes payable 2.8 Current assets Current liabilities Machines Long-term debt Real estate Total liabilities Total fixed assets 93.1 Total equity 52.7 Total assets 102.2 Total liab. & equity 102.2 Assume that Webflix operates at full capacity. 1.5 2.4 5.2 9.1 5.7 54 43.8 Y 30 49.5 Part 1 IB Attempt 1/10 for 10 pts. What are the expected sales for next year (in $ million)? 1+ decimals Submit 6 Safari File Edit View History Bookmarks Window Help MYFAU Grades for Noah Lieb: FIN 3403-010: Principles of Fin... IB Attempt 1/10 for 10 pts. Part 2 What are projected total assets for next year (in $ million)? 0+ decimals Submit Part 3 IB Attempt 1/10 for 10 pts. What are projected total liabilities next year (in $ million)? 1+ decimals Submit Part 4 To Attempt 1/10 for 10 pts. What is projected equity next year (in $ million)? 0+ decimals Submit Submit Part 5 IB Attempt 1/10 for 10 What is the external financing needed (EFN) for next year (in $ million)? 2+ decimals Submit Macl F1 80 F3 F2 000 000 F4 F5 ! @ # $ % > 1