retained earnings$)$ totaling $$7\mathrm{.}00$ million. Cumberland plans to pay $$0\mathrm{.}75$ million in common stock dividends next year.

a$.$ What are Cumberland's total financing needs $($that is$,$ total assets$)$ for the coming year?

b$.$ Given the firm's projections and dividend payment plans, what are its discretionary financing needs?

discretionary sources of financing?

a$.$ What are Cumberland's total financing needs $($taht is$,$ total assets$)$ for the coming year?

$$,$ million $($Round to two decimal places.$)$

b$.$ Given the firm's projections and dividend payment plans, what are its discretionary financing needs?

$$,$ million $($Round to two decimal places.$)$

discretionary sources of financing?

$$,$ million $($Round to two decimal places.$)$