Dahlia Colby, CFO of Charming Florist Limited, has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 20 percent to $450 million. Current assets, fixed assets, and short-term debt are 15 percent, 70 percent, and 5 percent of sales, respectively. Charming Florist pays out 20 percent of its net income in dividends. The company currently has $133 million of long-term debt and $61 million in common stock par value. The profit margin is 16 percent. a. Construct the current balance sheet for the firm using the projected sales figure. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Balance Sheet Assets Liabilities and equity $ $ Current assets Fixed assets 56,250,000 Short-term debt 262,500,000 Long-term debt 18,750,000 133,000,000 $ 61,000,000 Common stock Accumulated retained earnings 106,000,000 $ Total equity 318,750,000 Total liabilities and equity 167,000,000 318,750,000 Total assets $ $ b. Based on Ms. Colby's sales growth forecast, how much does Charming Florist need in external funds for the upcoming fiscal year? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) External financing needed $ $ 2,400,000 C-1. Construct the firm's pro forma balance sheet for the next fiscal year. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, rounded to the nearest whole numbert, e.g., 1,234,567.) Balance Sheet Assets Liabilities and equity $ $ 22,500,000 Current assets Fixed assets 67,500,000 Short-term debt 315,000,000 Long-term debt 133,000,000 $ Common stock Accumulated retained earnings 61,000,000 163,600,000 $ $ Total equity 382,500,000 Total liabilities and equity 224,600,000 380,100,000 Total assets $ $ c-2. Calculate the external funds needed. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) External financing needed $ 61,350,000