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Model Corp.'s most recent balance sheet and income statement are given below (all numbers in...

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Accounting

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Model Corp.'s most recent balance sheet and income statement are given below (all numbers in $ million): Sales, costs (including depreciation), assets and liabilities are expected to grow by 37% next year, except that the tax rate and Iong-term debt will stay constant. The company will pay out 30% of net income as dividends next year. What will be the net income next year (in $ million)? What should be the equity balance by the end of next year as a result of net income and dividend payout but before any EFN is funded (in $ million)? Part 3 Attempt 1/10 for 10p What is the external financing needed (EFN) for next year (in $ million)

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