The most recent financial statements for Bello, Inc., are shown here:

Income Statement				Balance Sheet
Sales	$	41,400		Assets	$	154,000		Debt	$	46,500
Costs		27,900						Equity		107,500
Taxable income	$	13,500		Total	$	154,000		Total	$	154,000
Taxes (24%)		3,240
Net income	$	10,260

Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,750 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $46,782.

What is the external financing needed? (Do not round intermediate calculations.)