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S The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Sales Costs $28,200 Assets 18,050 Balance Sheet $ 67,600 Debt
S The most recent financial statements for Mixton, Incorporated, are shown here: Income Statement Sales Costs $28,200 Assets 18,050 Balance Sheet $ 67,600 Debt Equity $ 31,800 35,800 Taxable $ 10,150 Total $ 67,600 Total $ 67,600 income Taxes (24%) 2,436 Net income $ 7,714 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $3,000 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $33,276. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) External financing needed
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