The most recent financial statements for Bello, Inc., are shown here: Balance Sheet Debt Equity Income Statement Sales Costs Taxable income $38,600 Assets $140,000 26,500 $ 12,100 Total $140,000 Total Taxes (25%) 3,025 Net income $ 9,075 $ 39,500 100,500 External financing needed $140,000 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,050 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $44,390. What is the external financing needed? (Do not round intermediate calculations.) 4