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You have collected the following financial information on Colosseum One Stop Shop. You assume sales to grow by 20 percent next year and that the

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You have collected the following financial information on Colosseum One Stop Shop. You assume sales to grow by 20 percent next year and that the dividend payout ratio is 80%. What is the amount of net new financing needed? Your answer should be IN MILLIONS and rounded to two decimal places, e.g., enter $9.49 million as 9.49 (no $ signs please) Figures in $ millions Income Statement 2019 Balance Sheet 2019 Net Sales 246.0 Assets Costs exc. Dep. . 187.0 Cash 8.0 EBITDA 59.0 Accts. Rec. 21.0 Depreciation 17.2 Inventories 23.0 EBIT 41.8 Total Current Assets 52.0 Interest 12.0 Net PP&E E 145.0 Pretax Income 29.8 Total Assets 197.0 Taxes 10.4 Net Income 19.4 Liabilities and Equity Accts. Payable 18.0 Long-Term Debt 82.0 Total Liabilities 100.0 Total Stockholders' Equity 97.0 Total Liabilities and Equity 197.0

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