The most recent financial statements for Cornwall, Inc., are shown here: Income Statement Sales $ 7,400 Costs 6.000 Balance Sheet Current assets $ 4.100 Current liabilities $2.200 Fixed assets 9.800 Long-term debt 3.750 Taxable income $ 1,400 Equity 7.950 Taxes (34%) 476 Total $ 13,900 Total $ 13 900 Net income $ 924 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 tim in its industry. next vear s sales are projected to increase by exactly 15 percent What is the external financing needed? (Do not found intermediate calculations and round your answer to 2 decimal places.le.q., 37.16.) External financing needed