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The most recent financial statements for Dixon Diamonds, are shown here: Income Statement Balance Sheet Sales $ 9,300 Current assets $ 4,050 Current liabilities $

The most recent financial statements for Dixon Diamonds, are shown here:

Income Statement Balance Sheet
Sales $ 9,300 Current assets $ 4,050 Current liabilities $ 2,625
Costs 6,550 Fixed assets 9,300 Long-term debt 4,190
Taxable income $ 2,750 Equity 6,535
Taxes (22%) 605 Total $ 13,350 Total $ 13,350
Net income $ 2,145

Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 44 percent dividend payout ratio. As with every other firm in its industry, next years sales are projected to increase by exactly 17 percent.

What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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