The external financing needed is $M:

(Input the answer in the box. correct to 2 decimal places)

Consider the following information for the percentage of sales approach: Sales =$6M,NI=$0.4M,Div=$0.1M Total Asset =$4M Current Liability $0.2M Long-term debt =$1.0M Equity =$2.8M Assuming that sales increase by 10% (and NI, assets, and CL increase at the same rate). 1. The addition to equity is $M : (correct to two decimal places) 0.41 0.33 0.45 0.39 0.37 0.43