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:

Sales/Inventory = 3X versus an industry average of 4X and (2) inventories can be reduced and thus raise its turnover to 4 without affecting sales, profit margin or other asset turnover ratios. If company succeeds to improve its turnover next year what additional external funds would the company require next year to fund its 20% sales growth? Express your answer in millions. Use two decimal places in your computation and answer.