The most recent financial statements for Assouad, Inc., are shown here: Income Statement Sales Costs Balance Sheet Current Current liabilities Long-term $10,100 assets $ 4,650 $2,925 7150 Fixed assets 9,700 4,470 Taxable $2,950 income Equity 6,955 Taxes (22%) 649 Total $14,350 Total $14,350 Net income $ 2,301 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 18 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 ne eded