The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $25,800 Costs 17,750 Balance Sheet Assets $62,800 Debt Equity $ 27,600 35,200 Taxable income $ 8,050 Total $62,800 Total $62,800 Taxes (22%) 1,771 Net income $ 6,279 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,400 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $30,960. What is the external financing needed? (Do not round intermediate calculations.) External financing needed