The CFO of a company has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 20 percent to $43.2 million. Current assets, fixed assets, and short-term debt are 30 percent, 80 percent, and 15 percent of sales, respectively. The company pays out 45 percent of its net income in dividends. The company currently has $8 million of long-term debt and $16.5 million in common stock par value. The profit margin is 8.8 percent. Based on the CFO's sales growth forecast, how much (in $ million) does the company need in external funds for the upcoming fiscal year? (Hint: you need to work backward to construct the balance sheet this year and determine the accumulated retained earnings before constructing the proforma balance sheet to determine the EFN) $4.75 $4.70 $4.65 $4.60 $4.55