answered Consider the following income statement and balance sheet for XC Corporation: Marked out of 0.50 Sales 40000 P Flag question Costs 24000 Taxable income 16000 Taxes (35%) 5600 Net income 10400 XC Corporation has a dividend payout ratio 52 %. Current assets 20000 Current liabilities 14000 Fixed assets 66000 Long-term debt 28000 44000 Equity Total Total 86000 86000 A 16 % growth rate in sales is projected. Assume that XC Corporation works at 50 % capacity. Hence, current assets move in proportion to sales but there is some slack in fixed assets. Also, assume that current liabilities move in proportion to sales. Company maintains the dividend payout ratio. Calculate the external financing needed (EFN). Type here to search o