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 $44$ percent dividend payout ratio. As with

every other firm in its industry, next year's sales are projected to increase by exactly $17$

percent. What is the external financing needed? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.