The most recent financial statements for Assouad, Inc., are shown here: Current Balance Sheet Current Income Statement Sales Costs 7,000 $4,500 $2,850 assets liabilities Fixed assets 9,600 Long-term debt 4,400 Taxable income $2,900 Equity 6,850 Taxes (24%) 696 Total $14,100 Total $14,100 Net income $2,204 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 16 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