Global Corp. expects sales to grow by 8% next year. Assume that Global pays out 50% of its net income. If the new financing must all be in the form of long-term debt, what is the amount of net new financing needed for Global? Global's current statements are shown below.

The amount of net new financing needed for Global is?

186.7 175.1 11.6 1.2 Income Statement ($ million) Net Sales - Costs Except Depreciation EBITDA - Depreciation EBIT - Interest Expense (net) Pretax Income - Taxes (26%) Net Income Balance Sheet 10.4 7.7 2.7 0.7 2.0 Assets Cash 23.2 Accounts Receivable 18.5 15.3 57.0 Inventories Total Current Assets Property, Plant and Equipment Total Assets 113.1 170.1 Liabilities and Equity Accounts Payable 34.7 Long-term Debt 113.2 147.9 Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 22.2 170.1