Oscar, CFO of Zip Ltd., has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $420 million. Current assets, fixed assets, and short-term debt are 20 percent, 75 percent, and 15 percent of sales, respectively. Zip pays out 30 percent of its net income in dividends. The company currently has $120 million of long-term debt and $48 million in common stock par value. The profit margin is 9 percent. Based on Oscar's sales growth forecast, how much does Zip need in external funds for the upcoming fiscal year?

$4,085,455 $141,540,000 $19,205,455 $168,000,000