The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales Costs Taxable income Taxes (23%) Net income $3,800 2,700 $1,100 253 $847 Current assets Fixed assets Total Balance Sheet What is the external financing needed? $3,600 6,200 $9,800 Current liabilities Long-term debt Equity Total $810 3,510 5,480 $9,800 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 25 percent.

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 50 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 25 percent. What is the external financing needed