The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $11,700 $ 3,525 Balance Sheet Current $ 5,850 Current assets liabilities Fixed assets 10,500 Long-term debt Costs 8,350 5,030 Taxable income $3,350 Equity 7,795 Taxes (22%) 737 Total $16,350 Total $16,350 Net income $ 2,613 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 18 percent. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed