External Equity Financing. Gardial GreenLights, a manufacturer of energy$-$efficient lighting solutions, has had such success with its new products that it is planning to substantially expand its manufacturing capacity with a $$10$ million investment in new machinery. Gardial plans to maintain its current $30\%$ debt$-$to$-$total$-$assets ratio for its capital structure and to maintain its dividend policy in which at the end of each year it distributes $55\%$ of the years net income. This year's net income was $$8$ million. How much external equity must Gardial seek now to expand as planned?Please show the calculation steps that lead you to the answer. Provide a final number, even if it is correct, would only worth $1/3$ of the credit. $)$