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Wish Inc. sells low-cost items online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Balance sheet ($ million)

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 20 Current assets 14 Debt 21
Costs 16 Fixed assets 56 Equity 49
Net income 4 Total assets 70 Total 70

Sales, assets and costs are expected to grow by 36% next year, while debt will stay constant. The company expects to pay out 20% of net income as dividends.

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

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