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

The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales $8,300 $2,250 Balance Sheet Current Current $3,300 assets liabilities Long-term Fixed assets 8,800 debt Costs 5,800 3,840 Taxable income $2,500 Equity 6,010 Taxes (24%) 600 Total $12,100 Total $12,100 Net income $ 1,900 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 17 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