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Assets Balance Sheet $107,000 Debt Equity $39,600 67,400 Income Statement Sales $23,600 Costs 16,200 Taxable $7,400 Income Taxes (25%) 1,850 Net Income $5,550 Total $107,000

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Assets Balance Sheet $107,000 Debt Equity $39,600 67,400 Income Statement Sales $23,600 Costs 16,200 Taxable $7,400 Income Taxes (25%) 1,850 Net Income $5,550 Total $107,000 Total $107,000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,540 was pald, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,300. What is the external financing needed? Multiple Choice $10.910 O $13.146 O O $12,028 $16.501 O $169,532

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