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The most recent financial statements for a firm are shown here: Income Statement Balance Sheet Sales $ 39,850 Assets $ 135,000 Debt $ 37,000 Costs

The most recent financial statements for a firm are shown here: Income Statement Balance Sheet Sales $ 39,850 Assets $ 135,000 Debt $ 37,000 Costs 26,100 Equity 98,000 Taxable income $ 13,750 Total $ 135,000 Total $ 135,000 Taxes (20%) 2,750 Net income $ 11,000 Assets and costs are proportional to sales; debt and equity are not. A dividend of $6,600 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $43,835. What is the external financing needed

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