The most recent (2019) financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate (20%) and the dividend payout rate (30%) also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Suppose the firm wishes to keep its debt-equity ratio constant. How much new equity should be raised for 2020 (round to the closest whole number)?

2019	Income statement information	2019	Balance sheet information
Sales	9000	Debt	37000
Costs	2000	Equity	55000
Interest expense	1600