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Currently, The balance sheet for XYZ Company is as follows: The company maintains a 40% dividend payout each year Sales: $4,200 Costs: 3,300 Taxable income

Currently, The balance sheet for XYZ Company is as follows: The company maintains a 40% dividend payout each year Sales: $4,200 Costs: 3,300 Taxable income $ 900 Taxes @ 34%: (306) Net income: $594 Current assets: $3,600 Fixed assets: 7,900 Total: 11,500 Current Liabilities: $2,100 Long Term-Debt: 3,650 Equity: 5,750 Total: $11,500 Next year's sales are projected to increase by extactly 15%. What is the external financing needed

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