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The most recent financial statements for Assouad, Inc., are shown here: $920 Income Statement Balance Sheet Current Sales $3,600 Current assets $4,600 liabilities Long-term Costs

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The most recent financial statements for Assouad, Inc., are shown here: $920 Income Statement Balance Sheet Current Sales $3,600 Current assets $4,600 liabilities Long-term Costs 2,600 Fixed assets 5,100 debt Taxable income $1,000 Equity Taxes (24%) 240 Total $9,700 Total Net income $760 3,660 5,120 $9,700 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 30 percent What is the external financing needed? Multiple Choice $2.514.80 $2,188.80 $1,098.00 $2,238.80 $2,288.80

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