P4-4 EFN [LO2] The most recent financial statements for GPS, Inc., are shown here: Income Statement Sales $22,800 Assets Costs 16,100 Taxable $6,700 Total income Taxes (35%) 2,345 Net income $4,355 $36,600 70,400 Balance Sheet $107,000 Debt Equity $107,000 Total $107.000 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,560 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,500. Required: What is the external financing needed