Fiie Edit History Bookmarks Window Heip . ' ' i ezto.mheducation.com '31 '3 7 M Question 7 - Ho... iebi Untit i: 7 > r i Sm: Homework #01 0 Help Save& Exit Submit > '7' 7-15 Check my work 7 The most recent nancial statements for Mixton, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 38,600 Assets $140,000 Debt $ 39,500 Costs 26,500 Equity 100,500 Taxable income $ 12,100 Total $140,000 Total $140,000 Taxes (25%) 3,025 Net income $ 9.075 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,050 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales Rere'emes are projected to be $44,390. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Extemal nancing needed