Check My Work (10 remaining) B eBook Berea Resources is planning a $60 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 25 million shares of common stock issued and outstanding. Dividend payments are expected to increase from the present level of $13 million to $17 million. The company expects its current asset needs to increase from a current level of $28 million to $31 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 $6 million next year. Depreciation next year is expected to be $14 million on the company's Financial statements, but the company will report depreciation of $12 millfon for tax purposes. How much external financing is required by Berea for the coming year? Enter your answer in milions. 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