Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows: 3le $185 $205 $225 $255 Sales for the first quarter of the year after this one are projected at $200 million. Accounts receivable at the beginning of the year were $79 million. Wildcat has a 45-day collection period. Wildcat's purchases from suppliers in a quarter are equal to 50 percent of the next quorter'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 $16 million per quarter. Wildcat plans a major copital outlay in the second quarter of $96 million. Finally, the company started the year with a cash balance of $82 million and wishes to maintain a minimum balance of $30 million. a. Complete the following cash budget for Wildcat, Inc. (Enter your answers In millions. A negative answer should be Indicated by a minus sign. Do not round Intermedlate calculatlons and round your answers to 2 declmal places, e.g, 32.16.) RILDCAT, INC Cash Budget 01 23 04 Beginning cash balance$ Net cash inflow 82.00 30.00 0.00 0.00 0.00 Minimun cash balance Cumulative surplu5 (deficith Assume that Wildcat can borrow any needed funds on a short-term basis st a rate of 4 percent per quorter and can invest any excess funds in short-term marketable securities at rate of 3 percent per quarter b-1. Complete the following short-term financial plan for Wildcat, Inc. (Enter your answers In millions. A negative answer should be Indicated by a minus sign. Leave no cells blank be certaln to enter "O" wherever required. Do not round Intermedlate calculations and round your answers to 2 declmal places, e.g, 3216.) WILDCAT, INC Short-Term Franci1 Plan in millions) 21 03 24 30.00 $ Minimun cash balance Net cash inflow New hort-term inve tment Income from short-term 30.00 30.00 30.00 short-term inve tment old New hort-term borro ring intere t on hort-term borrowing hort-term borrowing repaid Minimun cash balance $ Cumu1ativesurplus (deficit] Beginning short-term Ending hort-term inve tment, $ Beginning short-term debt Endin h rt-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. Enter your answer In milllons. Do not round Intermedlate calculatlons and round your answer to 2 declmal places, e.g., 32.16.) Net cash cost