Question: Continue from previous questions. Consider the following income statement and balance sheet for XC Corporation: XC Corporation has a dividend payout ratio 34% A 14%

Continue from previous questions. Consider the following income statement and balance

Continue from previous questions. Consider the following income statement and balance sheet for XC Corporation: XC Corporation has a dividend payout ratio 34% A 14% growth rate in sales is projected. Assume that XC Corporation works at 50 \% capacity. Hence, current assets move in proportion to sales but there is some slack in fixed assets. Also, assume that current liabilities move in proportion to sales. Company maintains the dividend payout ratio. Calculate the external financing needed (EFN)

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