The most recent financial statements for ABC Inc., are shown here:

Income Statement		Balance Sheet
Sales	$22,000	Assets	$114,000	Debt	$45,600
Costs	16,500			Equity	68,400
Taxable income	$5,500	Total	$114,000	Total	$114,000
Taxes (35%)	1,925
Net income	$3,575

A dividend of $1,480 was paid, and the company wishes to maintain a constant payout ratio. Assets and costs are proportional to sales. Debt and equity are not. Next year's sales are projected to be $29,000.

What is the external financing needed?

A. $28,841

B. $194,837

C. $30,008

D. $33,511

E. $27,673