6

Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes):

Income Statement
Sales	$31312
Costs	$26749

Balance Sheet
Assets	$57772	Debt	$15961
		Equity	?

The company has predicted a sales increase of 6 percent. Assume Fire pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not.

Determine the external financing needed. (Negative amount should be indicated by a minus sign.)

(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)