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I could use a hand with this The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $27,800 Costs 18,000 Balance

image text in transcribedI could use a hand with this
The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $27,800 Costs 18,000 Balance Sheet Assets $66,800 Debt Equity $ 31,100 35,700 Taxable income $ 9,800 Total $66,800 Total $66,800 Taxes (22%) 2,156 Net income $ 7,644 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,900 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,360. What is the external financing needed? (Do not round intermediate calculations.) External financing needed

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