Wildcat, inc., has estimated sales $($In millions$)$ for the next four quarters as follows:

Q$1-$ $$145$

Q$2-$ $$165$

Q$3-$ $$185$

Q$4-$ $$215$

Sales for the first quarter of the yesr after this one sre projected at $$160$ milion. Accounts recelvale st the beginning of the year were $$63$ millon. Wildcat has a $45-$day collection period.

Widcat's purchases from supplers in a quarter are equal to $45$ percent of the next quarter$$s forecasted sales, and suppliers are normally paid in $36$ days. Wages, taxes, and other expenses run about $20$ percent of sales. Interest and dividends are $$12$ million per quarter.

Wildcat plans a major capital outlay in the second quarter of $$92$ million. Finally, the company started the year with a cash balance of $$74$ million and wishes to maintain a minimum balance of $$30$ million.

a$.$ Complete the following cash budget for Wildcat, inc. $($A negative answer should be Indicated by a minus sign. Do not round intermedlate calculations snd enter your answers In millions, rounded to $2$ decimal places, eg$.,32\mathrm{.}16.)$

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 securities at a rate of $2$ percent per quarter.

b$-1.$ Complete the following short$-$term financial plan for Wildcat, Inc. $($Leave no cells blank $-$ be certain to enter $"0"$ wherever required. A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions, rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Minimum cash balance $$30\mathrm{.}00$ $$30\mathrm{.}00$ $$30\mathrm{.}00$ $$30\mathrm{.}00$

Net cash inflow $----$

New short$-$term investments $----$

Income from short$-$term investments $----$

Short$-$term investments sold $----$

New short$-$term borrowing $----$

Interest on short$-$term borrowing $----$

Short$-$term borrowing repaid $----$

Ending cash balance $----$

Minimum cash balance $----$

Cumulative surplus $($deficit$)----$

Beginning short$-$term investments $----$

Ending short$-$term investments $----$

Beginning short$-$term debt $----$

Ending short$-$term debt $----$

b$-2.$ What is the net cash cost $($total interest paid minus total investment income earned$)$ for the year? $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in millions, rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$