The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 11,500 Current assets $ 5,700 Current liabilities $ 3,450 Costs 8,200 Fixed assets 10,400 Long-term debt 4,960 Taxable income $ 3,300 Equity 7,690 Taxes (24%) 792 Total $ 16,100 Total $ 16,100 Net income $ 2,508 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. As with every other firm in its industry, next years sales are projected to increase by exactly 19 percent. What is the external financing needed?