The most recent financial statements for Scott, Inc., appearbelow. Sales for 2020 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also willremain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales.

SCOTT, INC. 2019 Income Statement
Sales				$	745,000
Costs					580,000
Other expenses					16,000
Earnings before interest and taxes				$	149,000
Interest expense					12,000
Taxable income				$	137,000
Taxes (22%)					30,140
Net income				$	106,860
Dividends	$	33,127
Addition to retained earnings		73,733

SCOTT, INC. Balance Sheet as of December 31, 2019
Assets		Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	20,440		Accounts payable	$	54,600
Accounts receivable		43,380		Notes payable		13,800
Inventory		89,960		Total	$	68,400
Total	$	153,780		Long-term debt	$	128,000
Fixed assets				Owners equity
Net plant and equipment	$	421,000		Common stock and paid-in surplus	$	113,500
				Retained earnings		264,880
				Total	$	378,380
Total assets	$	574,780		Total liabilities and owners equity	$	574,780

If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 25 percent growth rate in sales?

What is EFN?