2. The most recent Financial Statement for Lat in Line Inc. are shown here:

Income Statement

Sales	$23000
Cost	$16500
Taxable Income	6500
Taxes (40%)	2600
Net Income	$3900

Balance sheet

Assets	Liabilities and Owners Equity
Assetss $ 115000	Debt 38,600
	Equity 76,400
Total Assets 11500	Total 115000

Assets and costs are proportional to sales, Debt and Equity are not. A didvidend of $1560 was paid and the company wishes to maintain the constant didvidend pay out ratio. Next year sales are projected to be 27600 (20% growth). What is the external Financing needed?