The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $3,600 Current assets $4,400 Current liabilities $840 Costs 2,300 Fixed assets 5,200 Long-term debt 3,520 Taxable income $1,300 Equity 5,240 Taxes (21%) 273 Total $9,600 Total $9,600 Net income $1,027 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 20 percent. What is the external financing needed?