Assume Marble Is Projecting a 20% Increase in Sales for the Coming

Assume Marble is projecting a 20% increase in sales for the coming year, with current assets, all costs, and current liabilities proportional to sales. Long-term debt is not proportional to sales. If the firm's tax rate remains unchanged, the dividend payout is 40%, and Marble is operating at 70% of capacity, what is the external financing needed (EFN) for 2018 ($ in millions) ?

A) EFN is negative
B) $21.94
C) $48.31
D) $76.32
E) $89.85