The amount of net new financing needed for Global is $ million. (Round to two decimal places.)

13. Global Corp. expects sales to grow by 8% next year Assume that Global pays out 50% of its net income. Global developed the pro forma financial statements given below If the new financing must all be in the form of long-term debt, what is the amount of net new financing needed for Global? Global's current statements are in the following data table 1. Click on the icons located on the top-right comers of the data tables below to copy their contents into a spreadsheet. Pro Forma Financial Statements Income Statement (S million) Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income 201.64 -189.11 12.53 -1.3 11.23 -7.7 3.53 -0.92 2.61 The amount of net new financing needed for Global is million. (Round to two decimal places.) 1: Data Table Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet Income Statement (S million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Pre-tax Income Taxes Net Income 186.7 - 1751 11.6 -1.2 10.4 -7.7 2.7 -0.7 2.0 Balance Sheet (S million) Assets Cash Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity Balance Sheet (S million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 25.06 19.98 16 52 61 56 12215 183.71 37.48 122 72 16020 23 61 18371 232 18.5 153 57 1 13.1 170M 347 1 132 1479 222 170M