1202 Global Corp. expects sales to grow by 7% next year. Assume that Global pays out 42% of its net income. Global developed the pro forma financial statements given below. If Global decides that it will limit its net new financing to no more than $2.79 million, how will this affect its payout policy? Global's current statements are in the following data table : Click on the following icon for the pro forma income statement in order to co Click on the following icon for the pro forma balance sheet e in order to copy Data Table Pro Forma Financial Statements Income Statement ($ million) Sales Click on the following icon for the income statement in order to copy its contents into a spreadsheet. Costs Except Depreciation Click on the following icon for the balance sheet e in order to copy its contents into a spreadsheet. 25.60 EBITDA 19.77 Depreciation and Amortization Income Statement ($ million) Balance Sheet ($ million) 16.71 EBIT Net Sales 185.76 Assets 62.08 Costs Except Depreciation - 175.07 Cash 23.93 The amount of net new financing needed for Global is million. (Round to ty EBITDA 10.69 Accounts Receivable 18.48 Depreciation and Amortization - 1.18 Inventories 15.62 EBIT 9.51 Total Current Assets 58.03 Interest Income (expense) -1.90 Net Property, Plant, and 112.65 Equipment Pre-tax Income 7.61 Total Assets 170.68 Taxes - 1.9 Net Income 5.71 Liabilities and Equity Accounts Payable 34.52 Long-Term Debt 113.89 Total Liabilities 148.41 Total Stockholders' Equity 22.27 Total Liabilities and Equity 170.68 1202 Global Corp. expects sales to grow by 7% next year. Assume that Global pays out 42% of its net income. Global developed the pro forma financial statements given below. If Global decides that it will limit its net new financing to no more than $2.79 million, how will this affect its payout policy? Global's current statements are in the following data table : Click on the following icon for the pro forma income statement in order to co Click on the following icon for the pro forma balance sheet e in order to copy Data Table Pro Forma Financial Statements Income Statement ($ million) Sales Click on the following icon for the income statement in order to copy its contents into a spreadsheet. Costs Except Depreciation Click on the following icon for the balance sheet e in order to copy its contents into a spreadsheet. 25.60 EBITDA 19.77 Depreciation and Amortization Income Statement ($ million) Balance Sheet ($ million) 16.71 EBIT Net Sales 185.76 Assets 62.08 Costs Except Depreciation - 175.07 Cash 23.93 The amount of net new financing needed for Global is million. (Round to ty EBITDA 10.69 Accounts Receivable 18.48 Depreciation and Amortization - 1.18 Inventories 15.62 EBIT 9.51 Total Current Assets 58.03 Interest Income (expense) -1.90 Net Property, Plant, and 112.65 Equipment Pre-tax Income 7.61 Total Assets 170.68 Taxes - 1.9 Net Income 5.71 Liabilities and Equity Accounts Payable 34.52 Long-Term Debt 113.89 Total Liabilities 148.41 Total Stockholders' Equity 22.27 Total Liabilities and Equity 170.68