Problem 3-21 Calculating EFN The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. SCOTT, INC. 2019 Income Statement Sales Costs Other expenses $759,000 594,000 30,000 Earnings before interest and taxes Interest expense $ 135,000 26,000 Taxable income Taxes (21%) $ 109,000 22,890 Net income $ 86,110 Dividends Addition to retained earnings $26,694 59,416 Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,840 Accounts payable $ 56,000 Accounts receivable 44,780Notes payable 15,200 Inventory 103,960 Total $ 71,200 Total $ 170,580 Long-term debt $ 142,000 Fixed assets Net plant and equipment $435,000 Owners' equity Common stock and paid-in $120.500 surplus Retained earnings 271,880 Total $392,380 Total assets $605,580 Total liabilities and owners equity $605,580 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in salesl (Do not round intermediate calculations.) EFN