Question: Net Current Assets = $100 Net Fixed Assets = $200 Long Term Debt = $150 Equity = $150 Sales = $1000 Costs = $800 Taxes

Net Current Assets = $100 Net Fixed Assets = $200 Long Term Debt = $150 Equity = $150 Sales = $1000 Costs = $800 Taxes = $68 Assume that costs and current assets increase at the same rate as sales, but debt and equity do not. The tax rate is constant. Also assume that 80% of net income is paid out in dividends, and the firm's fixed assets are being used at 95% capacity. If sales grow by 20%, what is the EFN needed? [Round your final answer to 2 (two) decimal places

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