Global Corp expects sales to grow by 9% next year. Assume that Global pays out 50% of its net income. Using the percent of sales method and the data provided forecast the stockholders equity. Income Statement ($million) Balance Sheet ($million) Net Sales 186.2 Assets Cost Except Depreciation -175.2 Cash 22.9 EBITDA 11 Accounts Receivable 18.1 Depreciation and Amortization -1.1 Inventories 15.1 EBIT 9.9 Total Current Assets 56.1 Interest Income (expense) -7.7 Net Property, Plant, and Equipment 113.6 Pre tax Income 2.2 Total Assets 169.7 Taxes -0.6 Net Income 1.6 Liabilities and Equity Accounts Payable 34.4 Long term Debt 113.6 Total Liabilities 148.0 Total Stockholders' Equity 21.7 Total Liabilities and Equity 169.7 Please work through problem explaining it.