Question: Current Assets = $3,000; Fixed Assets = $5,000; Accounts Payable (Spontaneous CL) = $800; Most recent year Sales of $5,500, PM% = 12.8%, Dividend Payout

Current Assets = $3,000; Fixed Assets = $5,000; Accounts Payable (Spontaneous CL) = $800; Most recent year Sales of $5,500, PM% = 12.8%, Dividend Payout of 30%. If next year sales are projected to grow to $6,600, what is the External Financing Needed (EFN)?

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