The most recent financial statements for Cardinal, Inc., are shown here: Income Statement Sales $23,900 Assets Costs 15,500 Balance Sheet $119,000 Debt Equity $32,600 86,400 Taxable $8,400 Total: $119,000 Total $119,000 income 35 Taxes (23%) 1,932 Net income $6,468 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,470 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,900. What is the external financing needed?