Narrow Falls Lumber Balance Sheets as of December 31, 2014 and 2015 Cash 2015 2014 $ 32,300 $ 26,900 74,700 72,300 99,500 97,800 2015 2014 $ 78,900 $ 79,200 50,000 40,000 295,600 354,500 Accounts receivable Inventory Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained eamings Total liabilities & owners' equity Net fixed assets 707.100 705,000 170,000 319,100 175,000 253,300 Total assets $913.600 $902.000 $913,600 $902.000 Narrow Falls Lumber 2015 Income Statement $848,600 Net sales Narrow Falls Lumber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT $848,600 542,800 147,400 $ 158,400 12,600 $145,800 51.800 $ 94,000 Interest Taxable income Taxes Net income Dividends $28,200 Assume that all costs, assets, and accounts payable change with sales. The tax rate and dividend payout ratios remain constant. If the firm's managers project a firm growth rate of 15 percent for next year, what will be the amount of external financing needed to support this level of growth