P4-5 EFN [LO2] The most recent financial statements for Assouad, Inc., are shown here: $840 Income Statement Balance Sheet Current Sales $3,600 Current assets $4,300 liabilities Costs 2,400 Fixed assets Long-term 5,600 debt Taxable income $1,200 Equity Taxes (23%) 276 Total $9,900 Total Net Income $924 3,490 5.570 $9,900 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 20 percent What is the external financing needed? Multiple Choice $114672 $1,196.72