$($Financial forecasting$-$discretionary financing needs$)(6$ out of the last $7$ questions that were done were wrong, dont agree to do it if you dont know how your wasting everyones time, i can do it my self but im outsourcing it to save time$)$ i will thumbs down and call customer service evrytime, please stop wasting ny time. $.$ Sambonoza Enterprises projects its sales next year to be $$7$ million and expects to earn $7$ percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions $($projections$)$:

Current assets will equal $28$ percent of sales, and fixed assets will remain at their current level of $$1$ million.

Common equity is currently $$0\mathrm{.}90$ million, and the firm pays out half of its after$-$tax eamings in dividends.

The firm has short$-$term payables and trade credit that normally equal $14$ percent of sales, and it has no long$-$term debt outstanding.

What are Sambonoza's financing requirements $($i$.$e$.,$ total assets$)$ and discretionary financing needs $($DFN$)$ for the coming year?

What are Sambonoza's financing requirements or total assets for the coming year?

$ million. $($Round to two decimal places.$)$