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The most recent financial statements for Assouad, Inc., are shown here: $930 Income Statement Balance Sheet Current Sales $3,500 Current assets $5,400 liabilities Long-term Costs

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The most recent financial statements for Assouad, Inc., are shown here: $930 Income Statement Balance Sheet Current Sales $3,500 Current assets $5,400 liabilities Long-term Costs 2,100 Fixed assets 5,700 debt Taxable income $1,400 Equity Taxes (23%) 322 Total $11,100 Total Net income $1,078 3,580 6,590 $11,100 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 $1,074.00 O $2,490.44 $2,440.44 O $2,540.44 $2,769.44

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