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

Income Statement
Sales	$30,048
Costs	$27,896

Balance Sheet
Assets	$55,636	Debt	$18,369
		Equity	?

The company has predicted a sales increase of 7 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. Round 2 decimal places.