Wildcat, Incorporated, has estimated sales $($in millions$)$ for the next four quarters as follows:

Q$1$ Q$2$ Q$3$ Q$4$

Sales $ $155$ $ $175$ $ $195$ $ $225$

Sales for the first quarter of the following year are projected at $$170$ million. Accounts receivable at the beginning of the year were $$67$ 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 forecast sales, and suppliers are normally paid in $36$ days. Wages, taxes, and other expenses run about $20$ percent of sales. Interest and dividends are $$15$ million per quarter.

Wildcat plans a major capital outlay in the second quarter of $$93$ million. Finally, the company started the year with a cash balance of $$76$ million and wishes to maintain a $$30$ million minimum balance.

a$.$

Complete the following cash budget for Wildcat, Incorporated. $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions, not dollars, rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

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, Incorporated. $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions, not dollars, rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$ Leave no cells blank $-$ be certain to enter $"0"$ wherever required.$)$