Model Corp.'s most recent balance sheet and income statement are given below (all numbers in $ million): Assets Liabilities and Equity Cash 37 Accounts payable 111 Accounts receivable 74 Current liabilities 111 Inventory 111 Long-term debt 222 Current assets 222 Total liabilities 333 Net PPE 148 Equity 37 Total assets 370 Total liab. & equity 370 Income statement Sales 130 Costs 78 Depreciation 26 EBIT 26 Interest 11.1 Taxable income 14.9 Taxes 5.07 Net income 9.83 Sales, assets and costs (including depreciation) are expected to grow by 39% next year, while the tax rate and long-term debt will stay constant. The company pays out 70% of net income as dividends.

What is the external funding required (EFR) for next year (in $ million)?