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Continue from previous questions. Consider the following income statement and balance sheet for XC Corporation: XC Corporation has a dividend payout ratio 34%. A 14%

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Continue from previous questions. Consider the following income statement and balance sheet for XC Corporation: XC Corporation has a dividend payout ratio 34%. A 14% growth rate in sales is projected. Assume that XC Corporation works at full capacity. Hence, all assets move in proportion to sales. Also, assume that current liabilities and long-term debt move in proportion to sales. Company maintains the dividend payout ratio. Calculate the external financing needed (EFN)

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