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

Income	Statement	Balance Sheet
sales	$22700	Assets	116000	Debt	28600
costs	$15800			Equity	87400
Taxable income	$6900	Total	116000	Total	116000
Taxes (30%)	$2070
net Income	$4830

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,570 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $29,300.

Required:

What is the external financing needed?

a)$233,938

b)$25,913

c)$23,509

d)$24,711

e)$29,519