The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 3,700 Current assets $ 3,900 Current liabilities $ 920 Costs 2,600 Fixed assets 5,000 Long-term debt 3,670 Taxable income $ 1,100 Equity 4,310 Taxes (24%) 264 Total $ 8,900 Total $ 8,900 Net income $ 836 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent. What is the external financing needed?

The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales $ 3,700 $ 920 Balance Sheet Current Current assets $ 3,900 liabilities Fixed assets 5,000 Long-term debt Equity Total $ 8,900 Total Costs Taxable income Taxes (24%) Net income 2,600 $ 1,100 264 $ 836 3,670 4,310 $ 8,900 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent. What is the external financing needed