The most recent financial statements for Fleury Inc., follow. Sales for 2015 are projected to grow by 20 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.

Sales				$	760,000
Costs					595,000
Other expenses					16,000
Earnings before interest and taxes				$	149,000
Interest paid					17,000
Taxable income				$	132,000
Taxes (30%)					39,600
Net income				$	92,400
Dividends	$	18,480
Addition to retained earnings		73,920

FLEURY, INC. Balance Sheet as of December 31, 2014

Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	21,940		Accounts payable	$	56,100
Accounts receivable		34,260		Notes payable		15,300
Inventory		71,220		Total	$	71,400
Total	$	127,420		Long-term debt	$	143,000
Fixed assets				Owners equity
Net plant and equipment	$	420,000		Common stock and paid-in surplus	$	129,000
				Retained earnings		204,020
				Total	$	333,020
Total assets	$	547,420		Total liabilities and owners equity	$	547,420

If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in sales?