Current Income Statement ($ million)

Current Balance Sheet ($ million)

Net Sales

185.6

Assets

Costs Except Depreciation

174.5

Cash

23.7

EBITDA

11.1

Accounts Receivable

18.2

Depreciation and Amortization

1.1

Inventories

15.6

EBIT

10

Total Current Assets

57.5

Interest Income (expense)

7.7

Net Property, Plant, and Equipment

112.2

Pre-tax Income

2.3

Total Assets

169.7

Taxes

0.6

Net Income

1.7

Liabilities and Equity

Accounts Payable

35.7

Long-Term Debt

112.9

Total Liabilities

148.6

Total Stockholders' Equity

21.1

Total Liabilities and Equity

169.7

Global Corp. expects sales to grow by

6%

next year. Assume that Global pays out

50%

of its net income. Global developed the pro forma financial statements given below. What is the amount of net new financing needed for Global? Global's current statements are in the following data table

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Click the icon to view Global's pro forma financial statements.

The amount of net new financing needed for Global is

$

million. (Round to two decimal places.)