Acompany expects sales of $420m next year, delineating a 20% increase from the previous year. The firm anticipates $28.35m in retained earnings after taxes and dividends have been paid. A total of $3.72m in depreciation on equipment and amortization on goodwill is assumed to have been added back to the firm's earnings. Net assets are expected to represent 40% of change in sales. Required: Will external financing be needed? Show your calculations and explain your final outcome. RNF=SA(S)SL(S)PS2(1D) Acompany expects sales of $420m next year, delineating a 20% increase from the previous year. The firm anticipates $28.35m in retained earnings after taxes and dividends have been paid. A total of $3.72m in depreciation on equipment and amortization on goodwill is assumed to have been added back to the firm's earnings. Net assets are expected to represent 40% of change in sales. Required: Will external financing be needed? Show your calculations and explain your final outcome. RNF=SA(S)SL(S)PS2(1D)