P4-4 EFN (LO2) The most recent financial statements for GPS, Inc., are shown here: Balance Sheet $120,000 Debt Equity $41,600 78,400 Income Statement Sales $22,600 Assets Costs 15,900 Taxable $6,700 Total income Taxes (30%) 2,010 Net income $4,690 $120,000 Total $120,000 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 $28,200. Required: What is the external financing needed