Calculating EFN,The most recent financial statements for Watchtower, Inc., are shown here (assuming no income taxes):,,Income Statement Balance Sheet,Sales $ 5,100 Assets $ 14,500 Debt $ 10,200,Costs 3,480 Equity 4,300,Net income $ 1,620 Total $ 14,500 Total $ 14,500,________________________________________,,Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to grow at 17%.,,,Required:,What is the external financing needed? (Do not round your intermediate calculations.),, (a) $570, (b) $1,734, (c) $587, (d) $542, (e) $599,
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