Please help answer this question this is what I have so far, part of it is incorrect (Marked RED). This question has been posted twice both times receiving partially incorrect answers. I still don't understand how to solve this question so an explanation on how to solve would be greatly appreciated. The parts of the answer marked green are correct. If the answer you're getting contradicts a section marked in Green I can't use that answer because that means it's incorrect.

Wildcat, Inc., has estimated sales (In millions) for the next four quarters as follows: Q1 Q2 Q3 Q4 Sales $170 $185 $200 $225 Sales for the first quarter of the following year are projected at $180 million. Accounts receivable at the beginning of the year were $71 million. Wildcat has a 45-day collection perlod 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 25 percent of sales. Interest and dividends are $14 million per quarter Wildcat plans a major capital outlay in the second quarter of $85 million. Finally, the company started the year with a $54 million cash balance and wishes to maintain a $30 million minimum balance. a. Complete the following cash budget for Wildcat, Inc. (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.. 32.16.) Answer is complete but not entirely correct. WILDCAT, INC. Cash Budget in millions) Q1 Q3 04 54.00 S 73.00 $ 38.00 X $ 62.00 18.95 -55.00 31.75 53.15 73.00 IS 36.00 xls 62.00 x $ 116.00 X -30.00 -30.00 -30.00 -30.00 43.00 S 8.00 X $ 32.00 IS 80.00 Q2 IS Beginning cash balance Net cash inflow Ending cash balance Minimum cash balance Cumulative surplus (deficit) IS IS 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, Inc. (A negative answer should be indicated by a minus sign. Leave no cells blank.be certain to enter "O" wherever required. Do not round Intermediate calculations and enter your answers in millons, not dollars, rounded to 2 decimal places, e.g. 32.16.) Answer is not complete. WILDCAT, INC. Short-Term Financial Plan (in millions) Q1 Q2 Q3 s 30.00 s 30.00 IS 30.00 18.95 -55.05 31.75 19.43 20.68 0.48 0.87 04 $ Target cash balance Net cash inflow 30.00 53.15 53.56 0.41 BIS 43.43 10.75 New short-term investments Income from short-term investments Short-term investments sold New short-term borrowing Interest on short-term borrowing Short-term borrowing repaid Ending cash balance Minimum cash balance Cumulative surplus (deficit) 0.32 S Is 30.00 in S 30.00 -30.00 30.00 OX >> 10.75 30.00 -30.00 0 -30.00 -30.00 0 IS 0 IS IS $ 0 s Is 43.43 S 20.88 24.00 43.43 $ s s 74.24 Beginning short-term investments Ending short-term investments Beginning short-term debt Ending short-term debt 20.68 10.75 IS s 10.75 b- What is the net cash cost for the year? (A negative answer should be Indicated by a 2. minus sign. Do not round Intermediate calculations and enter your answer in millions, not dollars, rounded to 2 decimal places, e.g., 32.16.) Answer is complete and correct. Net cash cost 1.44 Wildcat, Inc., has estimated sales (In millions) for the next four quarters as follows: Q1 Q2 Q3 Q4 Sales $170 $185 $200 $225 Sales for the first quarter of the following year are projected at $180 million. Accounts receivable at the beginning of the year were $71 million. Wildcat has a 45-day collection perlod 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 25 percent of sales. Interest and dividends are $14 million per quarter Wildcat plans a major capital outlay in the second quarter of $85 million. Finally, the company started the year with a $54 million cash balance and wishes to maintain a $30 million minimum balance. a. Complete the following cash budget for Wildcat, Inc. (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.. 32.16.) Answer is complete but not entirely correct. WILDCAT, INC. Cash Budget in millions) Q1 Q3 04 54.00 S 73.00 $ 38.00 X $ 62.00 18.95 -55.00 31.75 53.15 73.00 IS 36.00 xls 62.00 x $ 116.00 X -30.00 -30.00 -30.00 -30.00 43.00 S 8.00 X $ 32.00 IS 80.00 Q2 IS Beginning cash balance Net cash inflow Ending cash balance Minimum cash balance Cumulative surplus (deficit) IS IS 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, Inc. (A negative answer should be indicated by a minus sign. Leave no cells blank.be certain to enter "O" wherever required. Do not round Intermediate calculations and enter your answers in millons, not dollars, rounded to 2 decimal places, e.g. 32.16.) Answer is not complete. WILDCAT, INC. Short-Term Financial Plan (in millions) Q1 Q2 Q3 s 30.00 s 30.00 IS 30.00 18.95 -55.05 31.75 19.43 20.68 0.48 0.87 04 $ Target cash balance Net cash inflow 30.00 53.15 53.56 0.41 BIS 43.43 10.75 New short-term investments Income from short-term investments Short-term investments sold New short-term borrowing Interest on short-term borrowing Short-term borrowing repaid Ending cash balance Minimum cash balance Cumulative surplus (deficit) 0.32 S Is 30.00 in S 30.00 -30.00 30.00 OX >> 10.75 30.00 -30.00 0 -30.00 -30.00 0 IS 0 IS IS $ 0 s Is 43.43 S 20.88 24.00 43.43 $ s s 74.24 Beginning short-term investments Ending short-term investments Beginning short-term debt Ending short-term debt 20.68 10.75 IS s 10.75 b- What is the net cash cost for the year? (A negative answer should be Indicated by a 2. minus sign. Do not round Intermediate calculations and enter your answer in millions, not dollars, rounded to 2 decimal places, e.g., 32.16.) Answer is complete and correct. Net cash cost 1.44