Question: Problem 5 III Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement

 Problem 5 III Intro Dell Computers sells computers and related electronics

Problem 5 III 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 690 Current 220 Debt 330 assets Costs Fixed 552 880 assets Equity 770 Net 138 Total 1,100 Total income assets 1,100 Sales, assets and costs are expected to grow by 15% next year. The company is expected to pay NO dividend next year, and wants to keep its debt-equity ratio constant Attempt 4/10 for 7 pts. Part 1 What is the external financing needed (EFN) for next year (in $ millon)? 3 0+ decimals Submit abc

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