The Danville Company is considering a $50 million expansion(capital expenditure)

The Danville Company is considering a $50 million expansion(capital expenditure) program next year. The company wants todetermine approximately how much additional financing will beneeded if the expansion program is undertaken. Next year thecompany expects to earn $25 million after interest and taxes. Thecompany also plans to increase its dividends from $5 million to $7million. If the expansion program is accepted the company expectsworking capital requirements to increase by approximately $8million next year. Long-term debt retirement obligations total $3million next year and depreciation is expected to be $13 million.No fixed assets are expected to be sold next year.a. $30 millionb. $43 millionc. $32 milliond. $22 million