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Weatherford Industries Inc. has the following ratios: A0/S0 = 1.6, L0/S0 = 0.4; profit margin =0.10; and retention ratio = 55%. Sales last year were

Weatherford Industries Inc. has the following ratios: A0/S0 = 1.6, L0/S0 = 0.4; profit margin =0.10; and retention ratio = 55%. Sales last year were $100M. Assuming that these ratios remain constant:

What is the total current amount of external financing (total of liabilitiesand equities) being employed by the company? Express your answer in millions.

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