Income Statement * Balance Sheet Sales $4,600 Current assets $6,084 Current liabilities $1,244 Costs 3.840 Fixed assets 5.183 Long-term debt 2,487 Taxable income 760 Equity 7.536 Taxes (35%) 266 Total $11,267 Total $11,267 Net income $494 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Like every other firm in its industry, next year's sales are projected to increase by exactly 16 percent. What is the external financing need? $1,317.16 $1,411.16 $1.583.09 $2,211.87 $2,349.98 Income Statement * Balance Sheet Sales $4,600 Current assets $6,084 Current liabilities $1,244 Costs 3.840 Fixed assets 5.183 Long-term debt 2,487 Taxable income 760 Equity 7.536 Taxes (35%) 266 Total $11,267 Total $11,267 Net income $494 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Like every other firm in its industry, next year's sales are projected to increase by exactly 16 percent. What is the external financing need? $1,317.16 $1,411.16 $1.583.09 $2,211.87 $2,349.98