The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Current Sales Costs $4,200 Current assets $5,200 $ 960 liabilities 1,900 Fixed assets 6,400 Long-term debt 3,500 Taxable income $2,300 Equity 7,140 Taxes (24%) 552 Total $ 11,600 Total $ 11,600 Net income $ 1,748 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?