Berea Resources is planning a $70 million capital expenditure program for the coming year. Next year, Berea expects to report to the IRS earnings of $45 million after interest and taxes. The company presently has 21 million shares of common stock issued and outstanding. Dividend payments are expected to increase from the present level of $11 million to $12 million. The company expects its current asset needs to increase from a current level of $23 million to $27 million. Current liabilities, excluding short-term bank borrowings, are expected to increase from $14 million to $18 million. Interest payments are $5 million next year, and long-term debt retirement obligations are $7 million next year. Depreciation next year is expected to be $15 million on the companys financial statements, but the company will report depreciation of $18 million for tax purposes.

How much external financing is required by Berea for the coming year? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number.

$ million