6. Calculating EFN (LO4, CFA8) The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes):

Income Statement Balance Sheet Sales $4,800 Assets $14,200 Debt $ 9,900 Costs (3,180) Equity 4,300 Net income $1,620 Total $14,200 Total $14,200 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $6,240. What is the external financing needed?