Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. Upton's balance sheet as of December 31 , 2021, is shown here (milions of dollars): Sales for 2021 were $350 million, and net income for the vear was $10.5 million, so the firm's profit margin was 3.0%. Upton paid dividends of $4.2 milion to common stockholders, so its payeut ratio was 40%, Its tax rate was 25%, and it operated at full capacity. Assume that all assets/sales ratios, (spontaneous labilities)/sales ratios, the praft margin, and the payout ratio remain constant in 2022 , Do not round intermedlate calculations. a. If sales are projected to increase by $80.5 million, or 23%, during 2022 , use the AFN equation to determine Upton's projected external capital requirements, Enter your answer in milions. For example, an answer of $10,550,000 should be entered as 10.55 . Recund your answer to two decimal places. b. Using the AFN equation, determine Upton's sey-supporting growth rate. That is, what is the maximum growth rate the firm can achieve wathout having to employ nonspontaneous external funds? Round your answer to two decimal pleces. c. Use the forecasted Inancial statement method to forecast Uptor's balance sheet for Dectmber 31, 2022. Assume that all additional external captal is raised as a line of credit at the end of the year. (Because the debt is added at the end of the vear, there wil be no additional interest expense due to the new debs.) hisume Upton's prohit margin and dividend payout ratio wil be the same in 2022 as they were in 2021 . What is the amount of the line of credit reported on the 2022 focecasted balance sheets? (Hint: You don't need to forecast the income statements bechuse the line of credit is taken out on the last day of the year and you are given the projected sales, profit margin, and dividend payout ratio; these figures allow vou to calculate the 2022 adstion to rotained esenings for the bolance sheet without actually constructing a Kul income statement.) Enter your answers in millions. For erample, an answer of $10,550,000 should be entered as 10.55 . Round vour answers to two decimat places. Upton Computers Pro Forma Batance Sheet December 31,2022 c. Use the forecasted financial statement method to forecast Upton's balance sheet for December 31,2022 . Assume that all additional external capital is raised as a Aine of oredi at the end of the vear, (Becouse the debt is added at the end of the year, there will be no addtional interest expense due to the new debt) Assume Upton's profh margin and dividend poyout ratio will be the same in 2022 as they were in 2021 . What is the amount of the line of credit reported on the 2022 forecasted balance sheets? (Hine: You don't need to forecast the income statements because the line of credit is taken out on the last day of the year and you are given the proyteted sales, profit margin, and dividend payout ratio; these figures allow you to cakulate the 2022 addition to retained earnings for the balance sheet without actually constructing a fust income statement.) Enter your answers in milions. For example, on answer of $10,550,000 should be entered as 10.55 . Resind your answers to two decimal plsces