Question $9$

In forecasting a company's balance sheet, the CFO projected total assets of $$8\mathrm{.}47$ million and total liabilities and equity of $$7\mathrm{.}63$

million BEFORE balancing the balance sheet. To complete the pro forma balance sheet, the CFO must:

Include $$0\mathrm{.}84$ million of excess cash.

Include $$0\mathrm{.}84$ million of external financing needed $($EFN$).$

Include $$16\mathrm{.}10$ of excess cash.

Include $$16\mathrm{.}10$ of external financing needed $($EFN$).$