Harvard Prep Shops, a nallonal clothing chain, had sales of $350 million last year. The business has a steady net profit margin of 15 percent and a dividend payout ratio of 35 percent. The balance sheet for the end of last year is shown below: Balance Sheet December 31, 20xx millions) Liabilius and Shareholders' Equity Cash 55 Accounts payable Account receivable 15 Accrued expenses Inventory 58 Other payables Con stock Plant and equipment 105 Retained warnings Total assets Total liabilities and equity $273 $50 12 15 25 121 Harvard's anticipates a large increase in the demand for twoed sport coats and deck shoes. A sales increase of 20 percent is forecast All balance sheet items are expected to maintain the same percent of sales relationships asdast year except for common stock and retained earnings. No change in the number of common shares outstanding is scheduled and retained earnings will change os dictated by the profits and dividend policy of the firm Will external financing be required for the Prep Shou during the coming year? NO b. What would the need for extendinancing beltheniet profit marginwont up to 20 percent and the dividend payout ratio was increased to 70 percent Enter the answer in millions. Round the final answer to 2 decimal places)