How do I solve this and what is the correct snswer?

External Equity Financing Gardial GreenLghts, a manufacturer of energy-efficient lighting solutions, has had such success with its new products that it is planning to substantially expand its manufacturing copacity with a $15 million investment in new machinery. Gardial plans to maintain its current 20% debt-to-total-assets ratio for its capital structure and to maintain its dividend policy in which at the end of each year it distributes 30% of the year's net income. This year's net income was $8 milion. How much external equity must Gardiat seek now to expand as planned? Enter your onswer in milions. For example, an answer of $1.23 miltion should be entered as 1.23 , not 1,230,000. Round your answer to two decimal places: $ million Check My Work (3 remaining)