The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $9,600 Costs 7,470 Assets Balance Sheet $16,000 Debt Equity $ 4,000 12,000 Net income $ 2,130 Total $16,000 Total $16,000 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $11,904. 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