3. The most recent financial statements for Horn, Inc. are show below (assume no income taxes.) Assets and costs are proportional to sales. Debt and equity are not. Not dividends are paid. Next year's sales are projected to be $8,968. What is the external financing needed (EFN)? Income Statement Balance Sheet Sales $7,600 Assets $21,700 Debt $9,100 Costs $5,180 Equity $12,600 Net Income $2,420 Total $21,700 Total $21,700 og 4. The most recent financial statements for Smith Corp. are shown below. Income Statement Balance Sheet Sales $16,200 Costs $10,400 Curr Assets $10.100 Debt $16,400 Txbl Income $5,800 Fixed Assets $26,500 Equity $20,200 Total $36,600 Total $36,600 Net Income $3,480 Assets and costs are proportionalis by are not. The company maintains a constant 30% dividend per ternal growth rate? 5. For Smith Corp. (above), what is the sustainable growth rate? 8