GlobalSale sells electronics online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales 630 Costs 504 Net income 126 Balance sheet ($ million) Next year, 1) sales, assets and costs are expected to grow by 39%; 2) 20% dividend payout ratio is expected; 3) debt-equity ratio is expected unchanged. 0+ decimals 250 Debt 375 Current assets Fixed assets 1,000 Equity 875 Total assets 1,250 Total 1,250 4 Part 1 What is the external financing needed (EFN) for next year (in $ million)? Submit Attempt 1/10 for 10 pts.

GlobalSale sells electronics online. Its most recent income statement and balance sheet are given below: Next year, 1) sales, assets and costs are expected to grow by 39%; 2) 20% dividend payout ratio is expected; 3 ) debt-equity ratio is expected unchanged