4. EFN The most recent financial statements for Martin, Inc., are shown here: Income Statement Balance Sheet Sales $127,000 Debt Costs Equity Taxable income $127,000 Total Taxes (34%) Net income $37,300 25,800 $11,500. 3,910 7,590 Assets Total $ 30,500 96,500 $127.000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,500 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $42,300. What external financing is needed?

EFN The most recent financial statements for Martin, Inc., are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend of \$2,500 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $42,300. What external financing is needed