Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below:

Income statement ($ million)			Balance sheet ($ million)
Sales	590		Current assets	274		Debt	411
Costs	472		Fixed assets	1,096		Equity	959
Net income	118		Total assets	1,370		Total	1,370

Sales, assets and costs are expected to grow by 26% next year. The company is expected to pay NO dividend next year, and wants to keep its debt-equity ratio constant.

Attempt 2/10 for 7 pts.

Part 1

What is the external (equity) financing needed (EFN) for next year (in $ million)?