TECH Moodle Help English (en) Consider the following income statement and balance sheet for XC Corporation: Out of Sales question 40000 Costs 24000 Finish Taxable income 16000 Time Taxes (35 %) 5600 Net income 10400 XC Corporation has a dividend payout ratio 52 %. Current assets 20000 Current liabilities 14000 Fixed assets 66000 Long-term debt 28000 Equity 44000 Total 86000 Total 86000 A 16% growth rate in sales is projected. Assume that XC Corporation works at full capacity. Hence, all assets move in proportion to sales. Also, assume that current liabilities and long-term debt move in proportion to sales. Company maintains the dividend payout ratio. Calculate the external financing needed (EFN). Type here to search BE