See the most recent financial statement of Company xyz.

We know that Company XYZ assets and costs are proportional to sales, while debt and equity are not proportional to sales.

Analysts predict that Company XYZ sales will be $7,906 in the next year.

Assuming that Company XYZ pays no dividends, please calculate the external financing needed (EFN).

Income Statement Sales $6,700 Costs 3,850 Balance Sheet Assets $22,050 Debt Equity $ 8,050 14,000 Net income $2,850 Total $22,050 Total $22,050