Total Assets

182.01

Income Tax

negative 0.64

Net Income	1.82

	Liabilities and Equity
			Accounts Payable	38.73

			Long-Term Debt	121.07
			Total Liabilities	159.80
			Stockholders' Equity	22.21
			Total Liabilities and Equity	182.01

Global Corp. expects sales to grow by 7% next year. Assume that Global pays out 50% of its net income. Global developed the pro forma financial statements given be What amount of net new financing needed for Global? If the new financing must all be in the form of long-term debt, what is the forecast amount of new long-term debt? Global's curren statements are in the following data table E3.Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet. Pro Forma Financial Statements Income Statement million) Balance Sheet million) Sales 99.34 Assets 188 Costs Except Depreciation 24.72 Cash EBITDA 11.34 Accounts Receivable 20.01 1.18 16.16 Depreciation and Amortization Inventories 10.16 EBIT Total Current Assets 60.89 Interest Expense (net) 7.7 Property, Plant, and Equipment 121.12 The amount of net new financing needed for Global is n. (Round to two decimal places.)