The following is the financial statement of Executive Dynamic Mattress for the year ended December 2018. Refer Table 18.2

INCOME STATEMENT, 2018
Revenue	$	3,300.0
Cost of goods sold		3,069.0
Depreciation		35.1
EBIT	$	195.9
Interest expense		9.8
Earnings before taxes	$	186.1
Taxes (50% of 6)		93.1
Net income	$	93.1
Dividends		80.6
Reinvested earnings	$	12.5
Operating cash flow	$	128.2

BALANCE SHEET, YEAR-END
	2017				2018
Assets
Net working capital	$	329.0			$	429.0
Fixed assets		439.0				445.5
Total net assets	$	768.0			$	874.5
Liabilities and Shareholders Equity
Long-term debt	$	98.0			$	192.1
Shareholders equity		670.0				682.5
Total liabilities and shareholders equity	$	768.0			$	874.5

BALANCE SHEET, YEAR-END
	2018
Sources and Uses of Funds
Operating cash flow	$	128.2
Increase in working capital		100.0
Investments in fixed assets		41.6
Dividends		80.6
Total uses of cash		222.2
Required external capital		94.1
Financial Ratios
Debt ratio		0.2
Interest coverage		20.0

Use the revised model to generate a new financial plan for 2021. How would its financial plan change if the dividend payout ratio were cut to 50%? What would be required external financing? (Input all amounts as positive values. Do not round intermediate calculations. Round "Debt ratio" to 2 decimal places and other answers to 1 decimal place.)