A firm has total assets of $260,000, long-term debt of $90,000, stockholders' equity of $120,000, and current liabilities of $50,000. The dividend payout ratio is 40 percent and the profit margin is 7 percent. Assume all assets and current liabilities change spontaneously with sales and the firm is currently operating at full capacity. What is the external financing need if the current sales of $300,000 are projected to increase by 10 percent?

$7,140

$14,210

$8,495

$13,200

$4,280