Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below:

Income statement ($ million)			Balance sheet ($ million)
Sales	21		Current assets	17.8		Debt	26.7
Costs	16.8		Fixed assets	71.2		Equity	62.3
Net income	4.2		Total assets	89		Total	89

Sales, assets and costs are expected to grow by 30% next year, while debt will stay constant. The company is expected to pay NO dividends next year.

Attempt 1/10 for 10 pts.

Part 1

What is the external financing needed (EFN) for next year (in $ million)?