10. Problem 15.05 (External Equity Financing) cbook Coastal Carolina Heating and Cooling Inc. has a 6-month backlog of orders for its patented solar heating system. To meet the demand, management plans to expand production capacity by 45% with $20 million investment in plant and machinery. The firm wants to maintain a debt level in its capital structure. It also wants to maintain itu past dividend pay of stributing 45% of last year's net income. In 2018, net income was $5 million How much external equity must Coastal Carolinaseek at the beginning of 2019 to expand capacity desired Assume that the form uses only debt and common equity in its capital structure. Write out your answer completely. For example, 25 million should be entered as 25,000,000 Hound your awwer to the nearest cent