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The Optical Scam Company has forecast an 17 percent sales growthrate for next year. The current financial statements are shownbelow. Current assets, fixed assets, and short-term debt areproportional to sales.INCOME STATEMENT Sales$44,000,000 Costs35,200,000 Taxable income$8,800,000 Taxes3,080,000 Net income$5,720,000 Dividends$1,430,000 Additions to retainedearnings$4,290,000 BALANCE SHEETAssetsLiabilities and Equity Current assets$14,040,000 Short-term debt$10,560,000 Long-term debt11,060,000 Fixed assets37,000,000 Common stock$3,700,000 Accumulated retained earnings25,720,000 Total equity$29,420,000 Total assets$51,040,000 Total liabilities and equity$51,040,000 External funds needed$ Sustainable growth rate% Suppose Optical Scam eliminates its dividend entirely. What isthe new EFN? New External funds needed$