4. EFN The most recent financial statements for Mixton, Inc., are shown here: Income Statement Sales Balance Sheet $20,300 Assets $47,000 Debt $26,900 Costs Equity 20,100 Taxable income $3,200 Total $47,000 Total $47.000 Taxes (21%) 17,100 672 Net income $ 2,528 Assets and costs are proportional to sales; debt and equity are not. A dividend of $1,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $23,345. What external financing is needed?

4. EFN The most recent financial statements for Mixton, Inc., are shown here: Assets and costs are proportional to sales; debt and equity are not. Page77 A dividend of $1,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $23,345. What external financing is needed