Sales for the first quarter of the year after this one are projected at $120 million. Accounts recelvable at the beginning of the year were $47 million. Wildcat has a 45 -day collection period. Wildcat's purchases from suppliers in a quarter are equal to 45 percent of the next quarter's forecasted sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 20 percent of sales. Interest and dividends are $11 million per quarter. Wildcat plans a major capital outlay in the second quarter of $60 million. Finally, the company started the year with a $66 million cash balance and wishes to maintain a $40 million minmum balance. a-1. Assume that WIldcat can borrow any needed funds on a short-term basis at a rate of 3 percent per quarter and can Invest any excess funds in short-term marketable securitles at a rate of 2 percent per quarter. Complete the following short-term financlal plan for Wildcat. (Leave no cells blank - be certaln to enter " O " wherever required. A negative answer should be Indlcated by a minus sign. Do not round Intermedlate calculations and enter your answers in millions, rounded to 2 decimal places, e.g., 32.16.) a.2. What is the net cash cost (total interest pald minus total Investment income earned) for the year under this target cash balance? (A negative answer should be Indlcated by a minus sign. Do not round Intermedlate calculatlons and enter your answer in millions, rounded to 2 decimal places, e.g., 32.16.)