Problemi Harvard Prep Shops, a national clothing chanin, had sales of $300 millions last year, The busienss has a steady profit margin of 15%, and a dividend payout ratio of 20%. The balance sheet for the end of last year is shown below. Harvard Prep's forecasts a 25% increase in sales next year. Calculate RNF (required new financing) under the following scenarios: 1. No expansion in net capital assets is required 2. A 10% increase in net capital assets is required 3. A $15,000 increase in net capital assets is required 4. Challenge: calculate RNF if the net prift margin went up to 25%, and the dividend payout ratios was increased to 10%. Asume no expansionin net capital assets is required Balance Sheet December 31, 2021 millions) 300 Additional data: Sales 2021, Smil Profit margin Dividend payout ratio Expected increase in sales Cash Accounts receivable Tyventory plant and equipment 7 28 60 115 15 20% 25 Liabilities and shareholders equity Accounts payable 55 Accrued expenses 15 Wages payable 20 Common stock 30 Retained earnings 90 210 Total assets 210