1. The most recent financial statements for a buisness are shown here:

Sales	10,000.00	Cash	420.00	A/C Payables	650.00
Costs	8,000.00	Receivables	720.00	Note Payable	250.00
Other Expenses	220.00	Inventory	1020.00	Total CL	900.00
EBIT	1,780.00	Total CA	2160.00	LTD	1950.00
Interest Payment	300.00			Comm Stock & APIC	1700.00
EBT	1,480.00	Net Fixed Assets	4850.00	Retained Earnings	2460.00
Tax@21%	310.80	Total	7010.00	Total D+E	7010.00
NI	1,169.20
Dividend	491.06

All the assets, costs, other expenses, and accounts payables are proportional to sales and the sales are projected to increase by 12 percent. Interest expense will remain the same and the firm maintains a constant payout ratio. No external debt or equity will be issued. What is the external financing need?