The most recent financial statements for GPS, Inc., are shown here:

Income Statement		Balance Sheet
Sales	$22,300	Assets	$118,000	Debt	$41,600
Costs	16,300			Equity	76,400
Taxable income	$6,000	Total	$118,000	Total	$118,000
Taxes (40%)	2,400
Net income	$3,600

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,660 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,800.

Required:

What is the external financing needed?