A company has total assets of $260,000, long-term debt of $90,000, shareholders' equity of $120,000, and current liabilities of $50,000. The dividend payout ratio is 40 percent, and the profit margin is is 7 percent. Assume that all current assets and liabilities change spontaneously with sales and that the business is currently operating at full capacity. 

What is the need for external financing if current sales of $300,000 are projected to increase by 10 percent?