Dell Computers sells computers and related electronics online. Its most recent income statement and balance...
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Dell Computers sells computers and related electronics online. Its most recent income statement and balance sheet are given below: Income statement ($ million) Sales 560 Costs 448 Net income 112 Balance sheet ($ million) Current assets 276 Fixed assets 1,104 Total assets 1,380 Debt 414 966 Equity Total 1,380 Sales, assets and costs are expected to grow by 24% next year. The company is expected to pay out 70% of net income in the form of dividends and to keep its debt-equity ratio constant. Part 1 IB Attempt 1/10 for 10 pts. What is the external financing needed (EFN) for next year (in $ million)? 0+ decimals Submit
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