The pro forma balance sheet for Empire Enterprises does not balance, and the difference is the amount of EFN. Because the company's board does not wish to issue common stock, the funding will have to take the form of long$-$term debt.

$\backslash$table$[[$Income Statement $($Pro Forma$),,,],[$Net sales,$$120\mathrm{.}0,,,],[$Costs$,180\mathrm{.}0,,,],[$Net income,$$12\mathrm{.}0,,,],[$Dividends$,$$$7\mathrm{.}2,,,],[$Addition to retained earnings,$$4\mathrm{.}8,,,],[$Balance Sheet $($Pro Forma$)],[$Assets$,$Liabilities and Stockholders' Equity$],[,$Projected,Change,,Projected,Change$],[$Assets$,$$$60\mathrm{.}0,$$$10\mathrm{.}0,$Total debt,$$20\mathrm{.}0,$$$0\mathrm{.}0],[,,$Equity,$34\mathrm{.}8,4\mathrm{.}8],[$Total assets,$$60\mathrm{.}0,$$$10\mathrm{.}0,$Total liabilities and stockholders' equity,$$54\mathrm{.}8,$$$4\mathrm{.}8]]$

Calculate the external financing needed. $($Round answer to $1$ decimal place, e$.$g$.0\mathrm{.}4.)$

EFN $

millions