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Firm 4 0 1 0 GreatClass created pro - forma statements for 2 0 1 6 . It has determined that with 1 5 %

Firm 4010GreatClass created pro-forma statements for 2016. It has determined that with 15% sales growth it will grow exactly at the Internal Growth Rate. How much is the External Funds Needed (EFN) to meet the 15% growth in sales?
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Zero
Cannot determine as no Income Statement or Balance Sheet information is presented
Cannot determine as it depends on whether or not the firm is operating at full capacity
The firm should need a positive amount of external funds to finance the 15% sales growth

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