7. The most recent financial statements for The Rodgers Company are shown below: Income Statement Balance Sheet Sales $7,500 Assets $15,800 Debt $6,300 Costs 5,410 Equity 9,500 Net Income $2,090 Total $15,800 $15,800 In preparing next year's financial statements, assets and costs are proportional to sales. Debt is fixed. No dividends are paid. Next year's sales are projected to be $9,075. How much is the External Financing Needed ("EFN")? Less than $800 Between $800 and $900 Between $900 and $1,000 Between $1,000 and $1,100 Between $1,100 and $1,200 Greater than $1,200