Hello, I am currently having difficulty with solving for part B of this problem. The balance sheet as well as Part A that has already been solved is attached. Thank you for your help and time.

Conn Man's Shops, a national clothing chain had sales of $370 million last year. The business has a steady net profit margin of 6 percent and a dividend payout ratio of 25 percent. The balance sheet for the end of last year is shown. Assets Casti Accounts receivable Inventory plant and equipment Balance Sheet End of Year in millions) Liabilities and Stockholders' Equity $ 37 Accounts payable 32 Accrued expenses 78 other payables 140 Common stock Retained earnings $ 296 Total abilities and stockholders equity $ 67 35 46 74 174 $ 296 Total assets The firm's marketing staff has told the president that in the coming year there will be a large increase in the demand for overcoats and wool clocks. A sales increase of 10 percent is forecast for the company All balance sheet items are expected to maintain the same percent-of-sales relationships as last year except for common stock and retained earnings. No change is scheduled in the number of common stock shares outstanding, and retained earnings will change as dictated by the profits and dividend policy of the firm (Remember the net profit margin is 6 percent) "This includes fixed assets, since the firm is at full capacity a. Will external financing be required for the company during the coming year? .. Will external financing be required for the company during the coming year? No res b. What would be the need for external financing if the net profit margin went up to 750 percent and the dividend payout ratio was increased to 60 percent? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in dollars, not millions (0.9., 51,234,567)) Required news