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

Income Statement		Balance Sheet
Sales	$23,900	Assets	$115,000	Debt	$38,600
Costs	15,900			Equity	76,400
Taxable income	$8,000	Total	$115,000	Total	$115,000
Taxes (30%)	2,400
Net income	$5,600

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,460 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $27,800.

Required:

What is the external financing needed?

a) $9,158

b) $7,960

c) $184,033

d) $10,356

e) $13,950