The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Sales $3,700 Current assets Current $5,100 $910 liabilities Costs 3. Taxable income 2,000 $1,700 Fixed assets 5,900 Long-term debt 3,590 Equity 6,500 Taxes (22%) Net income 374 $1,326 Total $11,000 Total $11,000 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 25 percent. What is the external financing needed?