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

Income Statement		Balance Sheet
Sales	$3,900	Current assets	$3,500	Current liabilities	$960
Costs	2,000	Fixed assets	5,800	Long-term debt	3,490
Taxable income	$1,900			Equity	4,850
Taxes (24%)	456	Total	$9,300	Total	$9,300
Net income	$1,444

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 20 percent.

What is the external financing needed?