The most recent financial statements for Cardinal, Inc., are shown here: 10 Income Statement Sales $33,400 Costs 18,700 Assets Balance Sheet $78,000 Debt Equity $40,900 37,100 points Taxable income $ 14,700 Total $78,000 Total $78,000 eBook Hint Taxes (24%) 3,528 Print Net income $ 11,172 References Assets and costs are proportional to sales. Debt and equity are not. A dividend of $4,300 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $40,080. What is the external financing needed? (Do not round intermediate calculations.) External financing needed