Larissa received the updated cash flow analysis provided by Dan. She has ordered a review of the numbers again, noting

[answerhappygod]

Larissa received the updated cash flow analysis provided by
Dan. She has ordered a review of the numbers again, noting
that she feels the revised amount of retired long-term debt is
wrong. She believes this number is $20.3 million instead, as
originally reported.
Based on this number, Larissa wants Dan to give an estimate of
what the EFN would be if the company has an increase in sales of
35%, and 25%.
She also wants to know what maximum growth rate could be
achieved without any additional external EQUITY financing.
With this information, Larissa will meet with the board.
Identify and explain the EFN at each of these percentage
increases in sales. How do these estimates relate to the
maximum growth rate without any additional EQUITY
financing?