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The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet Current5100 liabilities liabilities $ 3,150 4,680 7600 Fixed

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The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet Current5100 liabilities liabilities $ 3,150 4,680 7600 Fixed assets 10,000 Long-term axable ncome $3,100 Equity 7,270 Taxes (24%) 744 Total $15,100 Total $15,100 Net income $ 2,356 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 44 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 15 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

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