The most recent financial statements for Cardinal, Incorporated, are shown here: Income Statement Balance Sheet Sales $ 23,400 Assets $ 113,000 Debt $ 48,600 Costs 15,900 Equity 64,400 Taxable $ 7,500 Total $ 113,000 Total $ 113,000 income Taxes (21%) 1,575 Net Income $ 5,925 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,610 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,200. What is the external financing needed? $13.252 $14.434 $12.900 $12.07 $165189