Granger Inc

Multiple Choice

Granger Inc.has done the following projections for its balance sheet: total assets of $85 million,current liabilities of $29 million,long-term liabilities of $43 million.If the firm will require net new financing of $1 million,what is the projected amount of stockholders' equity?

A) $14 million
B) $13 million
C) $10 million
D) $12 million
E) $17 million