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The most recent financial statements for Heine, Inc., are shown here. Income Statement Balance Sheet Sales $ 23,600 Assets $ 54,300 Debt $ 20,300 Costs

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

Income Statement Balance Sheet
Sales $ 23,600 Assets $ 54,300 Debt $ 20,300
Costs 14,600 Equity 34,000
Taxable income $ 9,000 Total $ 54,300 Total $ 54,300
Taxes (40%) 3,600
Net income $ 5,400

Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,500 was paid, and the company wishes to maintain a constant payout ratio. Next years sales are projected to be $26,904.

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

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