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

INCOME STATEMENT, $2019$

Sales $ $310,000$

Costs $205,000$

EBIT $ $105,000$

Interest expense $21,000$

Taxable income $ $84,000$

Taxes $($at $21\%)17,640$

Net income $ $66,360$

Dividends $ $26,544$

Addition to retained earnings $ $39,816$

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

Assets Liabilities

Current assets Current liabilities

Cash $ $7,000$ Accounts payable $ $14,000$

Accounts receivable $12,000$ Total current liabilities $ $14,000$

Inventories $31,000$ Long$-$term debt $210,000$

Total current assets $ $50,000$ Stockholders$$ equity

Net plant and equipment $250,000$ Common stock plus additional paid$-$in capital $15,000$

Retained earnings $61,000$

Total assets $ $300,000$ Total liabilities plus stockholders' equity $ $300,000$

Sales and costs are projected to grow at $40\%$ 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 $70\%$ 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.