Mickey Inc. is about to open a new amusement park and expects sales to grow by 50% next year. The income statement and balance sheet for the previous year are given below (in $ million):

Line item	Previous
Sales	108
Operating costs	75.6
Depreciation	21.6
EBIT	10.8
Interest	4.32
Taxes	2.268
Net income	4.212
- Dividends	2.948
- Addition to retained earnings	1.264

Interest expenses and the tax rate and payout ratio will stay the same.

Assets			Liabilities and Equity
Cash	16		Accounts payable	23
Accounts receivable	8.6		Accrued wages	12
Inventory	19		Notes payable	2.8
Current assets	43.6		Current liabilities	37.8
Machines	34		Long-term debt	48
Real estate	21		Total liabilities	85.8
Fixed assets	55		Total equity	12.8
Total assets	98.6		Liabilities & equity	98.6

Accounts payable and accrued wages are expected to increase at the same rate as sales. Assets would grow at the same rate if the company operated at full capacity, but capacity utilization was only 90% last year.

1. What are projected assets for next year (in $ million)?

2. What are projected current liabilities (in $ million)?

3.What is projected equity for next year (in $ million)?

4.What is the external funding required (EFR) for next year (in $ million)