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Given the most recent financial statements for FY 2 0 2 3 . Sales for FY 2 0 2 4 are expected to grow by

Given the most recent financial statements for FY2023. Sales for FY2024 are expected to grow by 10 percent. The following assumption must be held in the pro forma
financial statements. The tax rate (percentage), the interest expense ( $ amount), and the dividend payout ratio (percentage) will remain constant. COGS, SGA,
Depreciation, all current asset accounts, Net PPE, intangibles, other assets, and accounts payable increase spontaneously with sales. Calculate the pro forma value
for external financing needed (EFN) for FY24 if the firm operates at full capacity and no new debt or equity is issued. (Enter percentages as decimals and round to 4
decimals)
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