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

Income Statement Balance Sheet Sales $ 8,700, Costs 5,600 Current assets $ 4,200, Fixed assets 10,40, Current liabilities $ 1,900, Long-term debt 3,800, Taxable income $ 3,100 , Equity 8,900 , Taxes (25%) 775, Net income $ 2,325

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next years sales are projected to increase by exactly 15 percent.

What is the external financing needed?