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The most recent financial statements for Cornell, Inc., are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend

The most recent financial statements for Cornell, Inc., are shown here:

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,600 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $50,310. What is the external financing needed?

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