$($Financial forecastinglong dashdiscretionary 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$)$:

$1.$ Current assets will equal $20$ percent of$$ sales, and fixed assets will remain at their current level of $$$$1$ million.

$2.$ Common equity is currently $$$$0\mathrm{.}80$million$,$ and the firm pays out half of its$$ after$-$tax earnings in dividends.

$3.$ 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?

Question content area bottom

Part $1$

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

$$$

$$

enter your response here million.$($Round to two decimal$$ places.$)$

Part $2$

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

$$$

$$

enter your response here million.$($Round to two decimal$$ places.$)$