Question 2 WIB had $450 million of sales and $225 million of fixed assets last year, so i ts FA/Sales ratio was 50%. However, its fixed assets were used at only 65% of capacity. If the company had been able to sell off enough of its fixed ass ets at book value so that it was operating at full capacity, with sales held co Instant at $450 million, how much cash (in millions) would it have generate d? (8 marks) Question 3 In your internship with Lewis, Lee, & Taylor Inc. you have been asked to for ecast the firm's additional funds needed (AFN) for next year. The firm is op erating at full capacity. Data for use in your forecast are shown below. Base d on the AFN equation, what is the AFN for the coming year? Last year's sales = So $200,000 Last year's accounts pa yable $50,000 Sales growth rate = g Last year's notes payab 40% le $15,000 Last year's total assets = A0* $135,000 Last year's accruals $20,000 Last year's profit margin = PM 20.0% Target payout ratio 25.0% (10 marks)