Berea Resources is planning a $75 million capital expenditure program for the com- ing year. Next year, Berea expects to report to the IRS earnings of $40 million after interest and taxes. The company presently has 20 million shares of common stock issued and outstanding. Dividend payments are expected to increase from the pres- ent level of $10 million to $12 million. The company expects its current asset needs to increase from a current level of $25 million to $30 million. Current liabilities, excluding short-term bank borrowings, are expected to increase from $15 million to $17 million. Interest payments are $5 million next year, and long-term debt retire- ment obligations are $8 million next year. Depreciation next year is expected to be $15 million on the companys financialstatements,butthecompanywillreport depreciation of $18 million for tax purposes. How much external financing is required by Berea for the coming year?