Global Corp. expects sales to grow by 7% next year. Assume that Global pays out 52% of its net income. Global developed the pro forma financial statements given below. What is the amount of net new financing needed for Global? If the new financing must all be in the form of long-term debt, what is the forecast amount of new long-term debt? Global's current statements are in the following data table LOADING.... Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet. Pro Forma Financial Statements Income Statement ($ million) Balance Sheet ($ million) Sales Assets Costs Except Depreciation Cash EBITDA Accounts Receivable Depreciation and Amortization Inventories EBIT Total Current Assets Interest Expense (net) Property, Plant, and Equipment Pre-tax Income Total Assets Income Tax Net Income Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. The amount of net new financing needed for Global is $ 7.18 million.(Round to two decimal places.)