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The most recent financial statements for Heine, Inc., are shown here: Income Statement Balance Sheet Sales $ 26,900 Assets $ 63,700 Debt $ 27,900 Costs

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

Income Statement Balance Sheet
Sales $ 26,900 Assets $ 63,700 Debt $ 27,900
Costs 18,800 Equity 35,800
Taxable income $ 8,100 Total $ 63,700 Total $ 63,700
Taxes (40%) 3,240
Net income $ 4,860

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,300 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $30,935.

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

External financing needed $

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