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, 2019, is shown here (millions of dollars):

Sales for 2019 were $200 million and net income for the year was $6 million, so the firm's profit margin was 3.0%. Upton paid dividends of $2.4 million to common stockholders, so its payout ratio was 40%. Its tax rate was 25%, and it operated at full capacity. Assume that all assets/sales ratios, (spontaneous liabilities)/sales ratios, the profit margin, and the payout ratio remain constant in 2020. Do not round intermediate calculations

If sales are projected to increase by $42 million, or 21%, during 2020, use the AFN equation to determine Upton's projected external capital requirements. Enter your answers in millions. Round your answer to two decimal places.	Answer 1Choose...$16.92 million$18.41 million6.71%3.55%$17.69 million5.56%
Using the AFN equation, determine Upton's self-supporting growth rate. That is, what is the maximum growth rate the firm can achieve without having to employ non spontaneous external funds? Enter your answer in %. Round your answer to two decimal places.	Answer 2Choose...$16.92 million$18.41 million6.71%3.55%$17.69 million5.56%