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Gardial GreenLights, a manufacturer of energy - efficient lighting solutions, has had such success with its new products that it is planning to substantially expand
Gardial GreenLights, a manufacturer of energyefficient lighting solutions, has had such success with its new products that it is planning to substantially expand its manufacturing capacity with a $ million investment in new machinery. Gardial plans to maintain its current debttototalassets ratio for its capital structure and to maintain its dividend policy in which at the end of each year it distributes of the year's net income. This year's net income was $ million. How much external equity must Gardial seek now to expand as planned? Enter your answer in millions. For example, an answer of $ million should be entered as not Round your answer to two decimal places.
$
million
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