The most recent financial statements for Fleury Inc., follow. Sales for next year are projected to grow by 19 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales.

FLEURY, INC. Income Statement

Sales $ 552,738

Costs 500,801

Other expenses 10,363

Earnings before interest and taxes $ ?

Interest paid 10,852

Taxable income $ ?

Taxes (30%) ?

Net income ?

Dividends $ 6,869 F

LEURY, INC. Balance Sheet Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 21,829 Accounts payable $ 57,564 Accounts receivable 31,641 Notes payable 15,616 Inventory 74,265 Long-term debt $ 109,420 Fixed assets Net plant and equipment $ 412,140 Owners equity Common stock and paid-in surplus $ 149,257 Retained earnings ? If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 19 percent growth rate in sales?