The most recent financial statements for Bello, Inc., are shown here: Income Statement Sales $37,600 Costs 26,100 Balance Sheet Assets $135,000 Debt Equity $ 37,000 98,000 Taxable income $ 11,500 Total $135,000 Total $135,000 Taxes (21%) 2,415 Net income $ 9,085 Assets and costs are proportional to sales; debt and equity are not. A dividend of $2,700 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $42,112. What external financing is needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed