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

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 25 percent.

What is the external financing needed?

$900 Income Statement Balance Sheet Current Sales $4,100 Current assets $3,600 liabilities Long-term Costs 2,300 Fixed assets 6,600 debt Taxable income $1,800 Equity Taxes (22%) 396 Total $10,200 Total Net income $1,404 3,490 5,810 $10,200 Multiple Choice $1,672.50 $1,397.50 $872.50 $1,497.50 $1,447.50