Stansfield Corporation Income Statement ($ in millions)
Sales	$300
Costs	250
EBT	$50
Taxes (34%)	17
Net income	$33
Retained earnings	22
Dividends	11

Stansfield Corporation Balance Sheet ($ in millions)
Cash	$5	Accounts Payable	$40
Accounts receivables	40	Notes payable	30
Inventory	65	Current liabilities	$70
Current assets	$110	Long-term debt	155
Net plant & equip.	290	Common stock	75
		Retained earnings	100
Total assets	$400	Total liab. & equity	$400

What is the addition to retained earnings if Stansfield grows at the internal growth rate? (Assume the dividend payout ratio is fixed.)

Select one:

A.

$23.3 million

B.

$13.3 million

C.

$24.9 million

D.

$5.8 million

E.

$33.0 million