The most recent financial statements for GPS, Inc., are shown here: Income Statement Sales $28,500 Costs 19,300 Assets Balance Sheet $60,200 Debt Equity $25,600 34,600 Taxable income $ 9,200 Total $60,200 Total $60,200 Taxes (40%) 3,680 Net income $ 5,520 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,700 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $35,625. What is the external financing needed? External financing needed $ C