INCOME STATEMENT, 2819 Sales $ 266,666 Costs 195,666 EBIT $ 95,666 Interest expense 19,666 Taxable income 5 76,666 Taxes (at 21%) 15,966 Net income 5 66,646 Dividends $ 36,624 Addition to retained earnings 5 24,616 BALANCE SHEET, YEAR-END, 2619 Assets Liabilities Current assets Current liabilities Cash $ 5,666 Accounts payable $ 12,666 Accounts receivable 16,666 Total current liabilities $ 12,666 Inventories 25,866 Long-term debt 196,666 Total current assets 5 46,666 Stockholders' equity Net plant and equipment 236,666 Common stock plus additional paid-in capital 15,666 Retained earnings 53,666 Total assets $ 276,666 Total liabilities plus stockholders' equity $ 276,666 Sales and costs are projected to grow at 20% a year for at least the next 4 years. Both current assets and accounts payable are projected to rise in proportion to sales. The firm is currently operating at 75% capacity, so it plans to increase fixed assets in proportion to sales. Interest expense will equal 10% of long-term debt outstanding at the start of the year. The firm will maintain a dividend payout ratio of 0.60. What is the required external financing over the next year? Note: Enter excess cash as a negative number with a minus sign