P4-5 EFN (LO2) The most recent financial statements for Summer Tyme, Inc., are shown here: $890 Income Statement Balance Sheet Current Sales $4,300 Current assets $4,000 liabilities Costs Long-term 1,800 Fixed assets 6,100 debt Taxable income $2,500 Equity Taxes (33%) 825 Total $10,100 Total Net income $1,675 3,510 5,700 $10,100 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. As with every other firm in its industry, next year's sales are projected to increase by exactly 25 percent Required: What is the external financing needed? (Do not round your intermediate calculations.)