Warning Corp. expects sales to grow by 8% next year. Assume that Warming pays out 50% of its net income. Using the percent of sales method and the data provided in the following, forecast stockholders' equity.

What is the forecasted stockholders' equity (in millions).

Income Statement ($ million)
Net Sales	186.7
- Costs Except Depreciation	175.1
EBITDA	11.6
- Depreciation	1.2
EBIT	10.4
- Interest Expense (net)	7.7
Pretax Income	2.7
- Taxes (26%)	0.7
Net Income	2.0

Balance Sheet
Asset
Cash	23.2
Accounts Receivable	18.5
Inventories	15.3
Total Current Assets	57.0
Property, Plant and Equptment	113.1
Total Assets	170.1
Liabilities and Equity
Accounts Payable	34.7
Long term Debt	113.2
Total Liabilities	147.9
Total Stockholder Equity	22.2
Total Liabilities and Equity	170.1