part 3 please

Intro Model Corp.'s most recent balance sheet and income statement are given below (all numbers in $ million): Assets 47 94 Liabilities and Equity Accounts payable 141 Current liabilities 141 Long-term debt 188 Total liabilities Cash Accounts receivable Inventory Current assets Machinary Total assets 141 282 329 188 Equity 141 Total liab. & equity 470 470 Income statement Sales 90 54 18 18 7.52 Costs Depreciation EBIT Interest Taxable income Taxes Net income 10.48 3.563 6.917 Sales, assets and costs (including depreciation) are expected to grow by 33% next year, while the tax rate and long-term debt will stay constant. The company will pay out 40% of net income as dividends next year. 8 Part 3 Attempt 5/10 for 2 pts. What is the external financing needed (EFN) for next year (in $ million)? 0+ decimals Submit