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Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales

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Intro Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales 580 Costs 464 Net income 116 Balance sheet ($ million) Current assets 270 Fixed assets 1,080 Total assets 1,350 Debt Equity Total 405 945 1,350 Sales, assets and costs are expected to grow by 40% next year. The company pays out 60% of net income in the form of dividends, and wants to keep its debt- equity ratio constant. Part 1 IB Attempt 1/10 for 10 pts. What is the external financing needed (EFN) for next year (in $ million)? No decimals Submit

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