The most recent financial statements for Kerch, Inc., are shown here (assuming no income taxes): Income Statement Sales $8,600 Costs 5,630 Assets Balance Sheet $16,100 Debt Equity $6,400 9,700 Net income $2,970 Total $16,100 Total $16,100 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $10,578. 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