The most recent financial statements for Cornwall, Inc., are shown here: Income Statement Balance Sheet Sales $ 6,500 Current assets $ 3,200 Current liabilities $ 2,200 Costs 5,200 Fixed assets 10,200 Long-term debt 3,750 Taxable income $ 1,300 Equity 7,450 Taxes (34%) 442 Total $ 13,400 Total $ 13,400 Net income $ 858 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. As with every other firm in its industry, next years sales are projected to increase by exactly 15 percent.

What is th external financing needed?