The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 3,700 Current assets $ 5,200 Current liabilities $ 970 Costs 2,400 Fixed assets 6,600 Long-term debt 3,490 Taxable income $ 1,300 Equity 7,340 Taxes (22%) 286 Total $ 11,800 Total $ 11,800 Net income $ 1,014 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: 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