Name Student Number In Class Exercise Thursday, February 6, 2020 TLC Company has collected the following data for 2019: Sales Costs Assets Debt Equity Dividends Tax rate 475,000 298,000 600,000 200,000 400,000 55,932 21% The board of XYZ would like sales to grow to $560,500 in 2020. They plan to keep the dividend payout ratio the same. They know that assets and costs will grow proportionate to sales, but debt and equity will not. What will be the external financing needed