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

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 year's sales are projected to increase by exactly $15$

percent.

What is the external financing needed? $($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

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

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 year's sales are projected to increase by exactly $15$

percent.

What is the external financing needed? $($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$