Granger Inc

Multiple Choice

Granger Inc.has done a long-term forecast of its balance sheet.The current liabilities are projected to be $25 million and other long-term liabilities are $10 million.If the firm expects to need $8 million in net new financing,what are the projected total assets?

A) $43 million
B) $23 million
C) $27 million
D) $7 million
E) $35 million