$1,422.50

$1,372.50

$912.50

$1,642.50

$1,472.50

The most recent financial statements for Assouad, Inc., are shown here: $880 Income Statement Balance Sheet Current Sales $4,400 Current assets $3,700 liabilities Costs 2,700 Fixed assets 6,100 Long-term debt Taxable income $1,700 Equity Taxes (24%) 408 Total $9,800 Total Net income $1,292 3,650 5,270 $9,800 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 25 percent What is the external financing needed