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The most recent financial statements for Heine, Inc., are shown here: Income Statement Balance Sheet Sales $ 33,700 Assets $ 55,000 Debt $ 22,200 Costs

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

Income Statement Balance Sheet
Sales $ 33,700 Assets $ 55,000 Debt $ 22,200
Costs 25,300 Equity 32,800
Taxable income $ 8,400 Total $ 55,000 Total $ 55,000
Taxes (40%) 3,360
Net income $ 5,040

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $1,900 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $37,070.

What is the external financing needed? (Do not round intermediate calculations.)

External financing needed $

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