A) Using the percentage of sales method, what will be the net income next year (in $ million)?

B) Using the percentage of sales method, what will be the book value of equity next year (in $ million)?

C) What is the external funding required (EFR) for next year(in $ million)?

Model Corp.'s most recent balance sheet and income statement are given below (all numbers in \$ million): Sales, assets and costs (including depreciation) are expected to grow by 27% next year, while the tax rate and long-term debt will stay constant. The company pays out 40% of net income as dividends