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

Income Statement		Balance Sheet
Sales	$23,100	Assets	$117,000	Debt	$30,600
Costs	17,000			Equity	86,400
Taxable income	$6,100	Total	$117,000	Total	$117,000
Taxes (40%)	2,440
Net income	$3,660

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,600 was pand the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $28,100.

Required:

What is the external financing needed?

$22,819

$19,234

$16,844

$216,826

$18,039