The most recent financial statements for Cornwall, Inc., are shown here: Income Statement Sales $ 6,100 $ 2,200 Balance Sheet Current Current $ 2,800 assets liabilities Fixed assets 9,200 Long-term debt Costs 5,000 3,750 Taxable income $ 1,100 Equity 6,050 Taxes (34%) 374 Total $12,000 Total $12,000 Net income $ 726 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 10 percent What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed $