The $2019$ financial statements for Growth Industries are presented below.

INCOME STATEMENT, $2019$

Sales $ $270,000$

Costs $185,000$

EBIT $ $85,000$

Interest expense $17,000$

Taxable income $ $68,000$

Taxes $($at $21\%)14,280$

Net income $ $53,720$

Dividends $ $21,488$

Addition to retained earnings $ $32,232$

BALANCE SHEET, YEAR$-$END, $2019$

Assets Liabilities

Current assets Current liabilities

Cash $ $3,000$ Accounts payable $ $10,000$

Accounts receivable $8,000$ Total current liabilities $ $10,000$

Inventories $29,000$ Long$-$term debt $170,000$

Total current assets $ $40,000$ Stockholders$$ equity

Net plant and equipment $210,000$ Common stock plus additional paid$-$in capital $15,000$

Retained earnings $55,000$

Total assets $ $250,000$ Total liabilities plus stockholders' equity $ $250,000$

Sales and costs are projected to grow at $30\%$ a year for at least the next $4$ years. Both current assets and accounts payable are projected to rise in proportion to sales. The firm is currently operating at $75\%$ capacity, so it plans to increase fixed assets in proportion to sales. Interest expense will equal $10\%$ of long$-$term debt outstanding at the start of the year. The firm will maintain a dividend payout ratio of $0\mathrm{.}40.$

What is the required external financing over the next year?

Note: Enter excess cash as a negative number with a minus sign.