The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 4,000 Current assets $ 4,300 Current liabilities $ 850 Costs 2,700 Fixed assets 6,600 Long-term debt 3,580 Taxable income $ 1,300 Equity 6,470 Taxes (24%) 312 Total $ 10,900 Total $ 10,900 Net income $ 988 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 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? Multiple Choice $1,074.00 $2,194.36 $2,499.36 $2,294.36 $2,244.36