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Wildcat, Inc, has estimated sales (in millions) for the next four quarters as follows Sales $155 $175 $195 $225 Sales for the first quarter of the year after this one are projected at $170 million Accounts receivable at the beginning of the year were $67 milion 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 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 $15 milon per quarter Wildcat plans a major captal outayin the second quarter of $93 millon Finaily,the company started the year wth a 576 milion balance and wishes to maintain a $40 milion minimum balance. a-1. Assume that Wildcat can borrow any needed funds on a shon-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 Wildcat (Enter your answers in millions. A negetive to enter "0" wherever per quarter. Complete the following short-term financial plan for enswer should be indicated by a minus sign. Leeve no cells blenk-be certain required. Do not round intermediate calculations and round your answers to 2 decimal places, eg,32%) Short-Tern Financial Plan in milliona) 04 Beginning cash balance Net cash inflow New short-term investnents Income from short-tern investments Short-term investnents sold New short-term borrowing Interest on short-tern borrowing short-tern borrowing repaid Ending cash balance Minimum cash balance 40.00 $ 40.00 S 40.00 Cumulative surplus (deficit) Beginning short-term investnents Ending short-term investments Beginning short-term debt Ending short-tern debt a-2. What is the net cash cost (total interest paid minus total investment income earned) for the year under this target cash balance? negetive answer should be indicated by a minus sign Enter your answer in millions. Do not round intermediate celculations and round your answer to 2 decimal places, e.g, 3216) Net cash cost $

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