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

value: 10.00 points The most recent nancial statements for Cornwall, Inc, are shown here: Income Statement Balance Sheet Sales $ 6,900 Current assets 35 3,600 Current liabilities $ 2,200 Costs 5,400 Fixed assets 10,200 Long-term debt 3,750 Taxable income $ 1,500 Equity 7,850 Taxes (34%) 510 Total $ 13,800 Total $13,800 Net income $ 990 Assets, costs, and current liabilities are proportional to sales. Longterm debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other rm in its industry, next year's sales are projected to increase by exactly 17 percent. What is the external nancing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External nancing needed $