The following are the simplified financial statements for Judd Enterprises (in $millions). Income Statement Sales Current $1,000 Costs 700 300 90 Profit before taxes Taxes (tax rate - 30%) Net Income Dividends 210 63 Balance Sheet Current Assets Previous year 100 Previous year 30 10 900 30 Net Fixed Assets Total Assets 1000 70 Accounts payable Accruals Notes payable Total CL Long-term debt Common stock Retained Earnings Total liabilities and equity 400 300 230 1000 Estimate Judd's Additional Financing Needed (AFN) using a 20 percent increase in sales. Use the percent of sales approach. Assume Judd does not change its payout ratio. Type your answer in millions. For example, if the answer is 12.3 million, type 12.3. Don't type 12,300,000