Question: You are estimating your companys external financing needs for the next year. At the end of next year, you project that owners equity will be

You are estimating your companys external financing needs for the next year. At the end of next year, you project that owners equity will be $80 million, total assets will be $170 million, and total liabilities will be $60 million. How much external funding required will be projected for your company at the end of next year?
Multiple Choice
$90 million
None of the options are correct.
$30 million
$60 million
$110 million
$20 million

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