Given the most recent financial statements for Microsoft (FY2019). Sales for FY2020 are expected to grow by 4 percent. The following assumption must hold in the pro forma financial statements. The tax rate (percentage) and the dividend payout ratio (percentage) will remain constant. COGS, SGA, Depreciation, Interest Expense, Cash, Account Receivable, Inventory, Other Current Assets, and Net Fixed Asset increase spontaneously with sales. If the firm is operating at full capacity and no new debt or equity are issued, calculate the external financing needed for the firm. (Round to 2 decimals)

Simplified Statements for MSFT			Balance Sheet	FY2019
Income Statement	FY2019		Cash	147,145
Sales	115,450		Acct. Receivable	29,129
COGS	42,500		Inventory	2,928
SGA	38,000		Other Current Assets	7,409
Depreciation	15,000		Net Fixed Assets	103,910
EBIT	19,950		Total Assets	290,521
Interest Expense	3,550
EBT	16,400		Acct. Payable	9,479
Taxes	3444		Long Term Debt	184,246
Net Income	12,956		Common Stock	78,345
Dividends	6,000		Retained Earnings	18,451
Addition to Retained Earnings	6,956		Total Liab. And Equity	290,521