The most recent financial statements for Kerch, Incorporated, are shown here $($assuming

no income taxes$)$:

Assets and costs are proportional to sales. Debt and equity are not. No dividends are

paid. Next year's sales are projected to be $$5,969.$

What is the external financing needed?

Multiple Choice

$$5,490$

$$5,080$

$$4,960$

$$5,210$