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	630		Current assets	262		Debt	393
Costs	504		Fixed assets	1,048		Equity	917
Net income	126		Total assets	1,310		Total	1,310

Sales, assets and costs are expected to grow by 16% next year. The company is expected to pay out 20% of net income in the form of dividends and to keep its debt-equity ratio constant.

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

Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement Balance sheet ($ million) ($ million) Sales 630 Current assets Costs 504 Fixed assets Net income 126 Total assets 262 1,048 1,310 Debt Equity Total 393 917 1,310 Sales, assets and costs are expected to grow by 16% next year. The company is expected to pay out 20% of net income in the form of dividends and to keep its debt-equity ratio constant. Part 1 IB - Attempt 5/10 for 6 pts. What is the external financing needed (EFN) for next year (in $ million)? 11+ decimals Previous answers: 44.408; 44.108; 40.58; 65.368 Submit