$($Financial forecasting$$discretionary financing needs$)$ Sambonoza Enterprises projects its sales next year to be $$4$ million and expects to earn $5$ 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 $20$ percent of sales, and fixed assets will remain at their current level of $$1$ million.

Common equity is currently $$0\mathrm{.}80$ million, and the firm pays out half of its after$-$tax earnings in dividends.

The firm has short$-$term payables and trade credit that normally equal $10$ 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.$)$

What are Sambonoza's discretionary financing needs $($DFN$)$ for the coming year?

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