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

Income Statement
Sales	$34,503
Costs	$25,889

Balance Sheet
Assets	$59,998	Debt	$16,652
		Equity	?

The company has predicted a sales increase of 8 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)