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Consider the financial statements below (in $000): Revenue Cost of Goods Sold Gross Profit Operating...

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Consider the financial statements below (in $000): Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Earnings before tax Income tax expense (30%) Net Income $200,000 120,000 80,000 30,000 50,000 10,000 40,000 12,000 28,000 Cash (min desired balance) Accounts Receivable Inventory Property, Plant, & Equipment, net Total Assets Accounts payable Long-term debt Common Stock Retained earnings Total Liabilities and equity 20,000 40,000 30,000 150,000 $240,000 20,000 120,000 40,000 60,000 $240,000 Assumptions: Sales increase: 31% Net Capex: $40,000 Operating margin: 30% Interest expense: no change Retention ratio: 40% . Given the above assumptions, what is the External Financing Need (EFN)

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