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

Income Statement Balance Sheet

Sales $ $4,100$ Current assets $ $4,100$ Current liabilities $ $930$

Costs

$2,700$

Fixed assets $4,800$ Long$-$term debt $3,570$

Taxable income $ $1,400$ Equity $4,400$

Taxes $(23\%)322$ Total

$ $8,900$

Total

$ $8,900$

Net income

$ $1,078$

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 $20$ percent.

What is the external financing needed?