Given the following information: current assets = $400; fixed assets = $500; accounts payable = $100; notes payable = $45; long-term debt = $455; equity = $300; sales = $450; costs = $400; tax rate = 34%. Suppose that current assets, costs, and accounts payable maintain a constant ratio to sales. If the firm is producing at 80% capacity, what is the total external financing needed if sales increase 25%? Assume the firm pays no dividends.

A. $33.75

B. $66.25

C. $143.75

D. $172.50

E. $380.25

Stansfield Corporation Income Statement ($ in millions)
Sales	$300
Costs	250
EBT	$50
Taxes (34%)	17
Net income	$33
Retained earnings	22
Dividends	11

Stansfield Corporation Balance Sheet ($ in millions)
Cash	$5	Accounts Payable	$40
Accounts receivables	40	Notes payable	30
Inventory	65	Current liabilities	$70
Current assets	$110	Long-term debt	155
Net plant & equip.	290	Common stock	75
		Retained earnings	100
Total assets	$400	Total liab. & equity	$400