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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 650 Costs 520 Net income 130 Balance sheet ($ million) Current assets Fixed assets Total assets 238 Debt 952 Equity Total 357 833 1,190 1,190 Sales, assets and costs are expected to grow by 28% next year. The company is expected to pay out 50% of net income in the form of dividends and to keep its debt-equity ratio constant. IB Attempt 1/10 for 10 pts. Part 1 What is the external financing needed (EFN) for next year (in $ million)? + decimals Submit Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 25 Costs 20 Net income 5 Balance sheet ($ million) Current assets 12 Fixed assets 48 Total assets 60 Debt 18 Equity 42 Total 60 Sales, assets and costs are expected to grow by the same rate next year, while debt will stay constant. The company is expected to pay NO dividends next year. Part 1 IB Attempt 1/10 for 10 pts. What is the particular growth rate for the next year, at which company will need zero external financing (EFN=0)? What is the internal growth rate? 3+ decimals Submit

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