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The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 7,500 Assets $ 15,800

The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 7,500 Assets $ 15,800 Debt $ 6,300 Costs 5,410 Equity 9,500 Net income $ 2,090 Total $ 15,800 Total $ 15,800 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next years sales are projected to be $9,075. What is the external financing needed? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) External financing needed $

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