Shown below is Jensen Company's projected income statement for year 2021, and the balance sheet as of the end of 2020. 2021 Balance Sheet Dec. 31 2020 Dec. 31 2021 Pro Forma Income Statement Revenues Depreciation Other Expenses 7,000,000 500,000 5.800,000 30,000 270,000 4,700,000 Income Dividends 700,000 500,000 Cash Inventory Fixed Assets (Net) Total Assets Payables LT. Debt Equity Liabilities + Equity 5,000,000 180,000 1.820,000 3,000,000 5,000,000 Sales are expected to increase from $5 million in 2020 to $7 million in 2021, and net income is expected to increase from $500,000 in 2020 to $700,000 in 2021. To accommodate this sales growth Jensen will have to invest $2.5 million in a new warehouse and computerized distribution system. Working capital accounts, including cash, inventory, and payables, will grow at the same rate as sales. Jensen is contractually committed to pay down its long-term debt by $400,000 by the end of the year. For simplicity, ignore interest on debt. Compute Jensen's "Internal Growth Rate. Will Jensen need external capital during 2021? What specifically, is the amount of External Funds Needled (EFN) as of the end of year 2021