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Please be accurate Sambonoza Enterprises projects its sales next year to be S4 million and expects to earn 5 percent of that amount after taxes.

Please be accurate
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Sambonoza Enterprises projects its sales next year to be S4 million and expects to earn 5 percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions (projections): 1. Current assets will equal 20 percent of sales and fixed assets will remain at their current level of $1 million. 2. Common equity is currently $0.8 million, and the firm pays out half its after-tax earnings in dividends. 3. The firm has short-term payables and trade credit that normally equal 10 percent of sales, and it has no long- term debt outstanding, What are Sambonoza's financing requirements (i.e., total assets) and discretionary financing needs (DFN) for the coming year

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